Hindustan Media Ventures Ltd Faces Bearish Momentum Amid Technical Downgrade

Price Movement and Market Context

On 28 Jan 2026, Hindustan Media Ventures Ltd closed at ₹68.00, down 4.55% from the previous close of ₹71.24. The intraday range saw a high of ₹72.60 and a low of ₹67.35, reflecting heightened volatility. The stock remains significantly below its 52-week high of ₹103.45, while hovering just above its 52-week low of ₹62.08, underscoring a weak price performance over the past year.

Comparatively, the stock’s returns have lagged the broader Sensex index across multiple timeframes. Over the past week, HMVL declined by 3.16%, while the Sensex rose 0.39%. Year-to-date, the stock is down 1.45% versus a 3.95% decline in the Sensex, but over the one-year horizon, HMVL has fallen 16.04% while the Sensex gained 8.61%. Longer-term returns also highlight underperformance, with a 10-year return of -75.95% against Sensex’s 234.22%.

Technical Trend Shift: From Mildly Bearish to Bearish

The technical trend for Hindustan Media Ventures has shifted from mildly bearish to outright bearish, signalling increased downside risk. This transition is supported by several key technical indicators:

• Moving Averages (Daily): The daily moving averages have turned bearish, with the stock trading below its short-term and long-term averages. This suggests downward momentum is gaining traction.


• Bollinger Bands (Weekly & Monthly): Both weekly and monthly Bollinger Bands indicate bearish pressure, with the price approaching or breaching the lower band, signalling potential oversold conditions but also persistent selling pressure.


• KST Indicator (Weekly & Monthly): The Know Sure Thing (KST) momentum oscillator is bearish on both weekly and monthly charts, reinforcing the negative momentum outlook.

Mixed Signals from Momentum Oscillators

The Moving Average Convergence Divergence (MACD) presents a nuanced picture. On the weekly timeframe, MACD remains mildly bullish, suggesting some short-term positive momentum or potential for a technical rebound. However, the monthly MACD is bearish, indicating that the longer-term trend remains negative. This divergence between weekly and monthly MACD readings highlights the stock’s struggle to regain sustained upward momentum.

The Relative Strength Index (RSI) on both weekly and monthly charts currently shows no clear signal, hovering in neutral territory. This lack of directional RSI momentum suggests the stock is neither overbought nor oversold, leaving room for further directional movement based on other factors.

Volume and Trend Confirmation

On-Balance Volume (OBV) indicators for both weekly and monthly periods show no clear trend, indicating that volume is not confirming either buying or selling pressure decisively. This absence of volume confirmation adds uncertainty to the price action, making it harder to predict near-term direction based solely on volume trends.

Dow Theory assessments provide a mildly bullish signal on the weekly chart but no discernible trend on the monthly timeframe. This mixed Dow Theory reading aligns with the overall technical ambiguity, where short-term optimism is tempered by longer-term caution.

Mojo Score and Grade Update

MarketsMOJO assigns Hindustan Media Ventures Ltd a Mojo Score of 12.0, reflecting weak technical and fundamental parameters. The Mojo Grade has been downgraded from Sell to Strong Sell as of 24 Sep 2025, signalling a deteriorating outlook. The Market Cap Grade stands at 4, indicating a relatively small market capitalisation compared to larger peers in the Media & Entertainment sector.

This downgrade aligns with the technical deterioration and the stock’s underperformance relative to the Sensex and sector benchmarks. Investors should note that the Strong Sell rating is a clear caution against initiating or holding long positions without strong conviction or hedging strategies.

Sector and Industry Context

Within the Media & Entertainment sector, Hindustan Media Ventures faces competitive pressures and evolving market dynamics. The sector itself has shown mixed performance, with some large-cap peers demonstrating resilience and growth, while smaller players like HMVL struggle with volatility and subdued investor interest. The stock’s technical weakness may partly reflect broader sector challenges, including advertising revenue fluctuations and digital disruption.

Key Technical Levels to Watch

From a price perspective, the immediate support lies near the 52-week low of ₹62.08. A breach below this level could trigger further downside, potentially accelerating the bearish trend. Resistance is observed around the recent intraday high of ₹72.60 and the previous close of ₹71.24, which the stock failed to sustain on 28 Jan 2026.

Moving averages will also serve as dynamic resistance levels. The stock’s failure to reclaim its daily moving averages suggests that sellers remain in control. Traders and investors should monitor these levels closely for signs of trend reversal or continuation.

Investor Takeaway

Hindustan Media Ventures Ltd’s technical profile currently signals caution. The shift to a bearish trend, combined with a Strong Sell Mojo Grade and weak price performance relative to the Sensex, suggests that investors should carefully evaluate risk exposure. While short-term technical oscillators like the weekly MACD offer mild bullish hints, the dominant monthly indicators and moving averages confirm a negative momentum backdrop.

Investors with existing positions may consider tightening stop-loss levels or reducing exposure, while prospective buyers should await clearer signs of trend reversal or fundamental improvement. The absence of volume confirmation and neutral RSI readings imply that the stock could remain range-bound or continue its downward trajectory in the near term.

Given the stock’s micro-cap status and sector challenges, diversification and consideration of stronger sector peers or alternative investments may be prudent.

Summary of Technical Indicators

• MACD: Weekly mildly bullish; Monthly bearish


• RSI: Neutral on weekly and monthly


• Bollinger Bands: Bearish on weekly and monthly


• Moving Averages: Daily bearish


• KST: Bearish on weekly and monthly


• Dow Theory: Weekly mildly bullish; Monthly no trend


• OBV: No clear trend on weekly and monthly

Price and Returns Overview

• Current Price: ₹68.00


• Previous Close: ₹71.24


• 52-Week High: ₹103.45


• 52-Week Low: ₹62.08


• 1 Week Return: -3.16% vs Sensex +0.39%


• 1 Month Return: -2.44% vs Sensex -3.74%


• Year-to-Date Return: -1.45% vs Sensex -3.95%


• 1 Year Return: -16.04% vs Sensex +8.61%


• 3 Year Return: +32.55% vs Sensex +37.97%


• 5 Year Return: +28.91% vs Sensex +72.66%


• 10 Year Return: -75.95% vs Sensex +234.22%

Conclusion

Hindustan Media Ventures Ltd’s technical deterioration and negative momentum indicators warrant a cautious stance. The stock’s underperformance relative to the Sensex and sector peers, combined with a Strong Sell rating from MarketsMOJO, suggests that investors should prioritise risk management and consider alternative opportunities within the Media & Entertainment space or broader market.

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