Network 18 Media & Investments Ltd Declines 1.02% Despite Midweek Recovery

2 February 2026: New 52-Week Low Amidst Continued Downtrend

Network 18 Media & Investments Ltd’s stock price plunged to a fresh 52-week low of Rs.35.32 on 2 February 2026, marking a significant milestone in its ongoing downward trajectory. The stock closed at Rs.36.19, down 4.99% on the day, underperforming the Sensex which declined 1.03%. This drop followed two consecutive days of losses, cumulatively a 6.8% fall, signalling persistent bearish momentum.

The stock’s decline was sharper than the Media & Entertainment sector’s 2.4% fall, highlighting sector-specific pressures. Trading below all key moving averages, including the 5-day through 200-day averages, the technical outlook remained weak. Fundamental challenges underpinning this decline include a five-year compounded annual operating profit contraction of -170.36%, a high Debt to EBITDA ratio of 657.87 times, and an elevated debt-equity ratio of 0.65 times at half-year.

Financial results for the quarter ending December 2025 revealed net sales of Rs.539.37 crore, down 60.36% year-on-year, with non-operating income comprising 90.99% of profit before tax. This earnings composition raises concerns about the sustainability of profitability and operational cash flow generation. The stock’s one-year return of -31.89% contrasts starkly with the Sensex’s 4.31% gain, reflecting significant underperformance.

3 February 2026: Strong Gap Up Reflects Positive Market Sentiment

Following the prior day’s lows, Network 18 opened sharply higher on 3 February 2026, registering a 6.3% gap up from the previous close. The stock closed at Rs.37.57, up 3.81%, outperforming the Sensex’s 2.63% gain and the Media & Entertainment sector by 2.16%. Intraday, the stock reached a high of Rs.39, a 7.76% increase from the previous day’s close, signalling a potential short-term reversal.

Despite this positive momentum, the stock remained below its longer-term moving averages (20-day to 200-day), which continue to act as resistance. Technical indicators such as the MACD, Bollinger Bands, and Know Sure Thing (KST) remained bearish on weekly and monthly charts, while the Relative Strength Index (RSI) offered no clear directional signal. The stock’s adjusted beta of 1.24 relative to the MIDCAP index underscores its heightened volatility, consistent with the sharp price swings observed.

Market capitalisation grading places Network 18 in the mid-tier valuation bracket within its sector. The Mojo Score of 12.0 and a Strong Sell Mojo Grade, downgraded from Sell in October 2024, reflect cautious sentiment based on comprehensive financial and technical assessments by MarketsMOJO.

4 February 2026: Continued Gains Amid Sector Stability

The stock extended its recovery on 4 February 2026, closing at Rs.38.16, up 1.57%. This marked the week’s highest close, albeit marginally above the previous day’s close. The Sensex gained 0.37% on the day, indicating a relatively stable broader market environment. Network 18’s volume declined to 79,351 shares, suggesting cautious participation despite the price rise.

Technical resistance from longer-term moving averages remained intact, limiting upside momentum. The stock’s performance on this day reflected a short-term bounce rather than a sustained trend reversal, consistent with the prevailing bearish technical indicators.

5 February 2026: Minor Pullback on Moderate Volume

On 5 February 2026, Network 18 experienced a slight pullback, closing at Rs.37.93, down 0.60%. The Sensex also declined by 0.53%, reflecting a modest market correction. Trading volume increased to 137,250 shares, indicating renewed investor activity amid the price dip.

This minor correction followed two days of gains and did not significantly alter the stock’s overall technical posture. The pullback may be interpreted as profit-taking or consolidation ahead of further directional cues.

6 February 2026: Week Ends with Slight Decline Despite Sensex Gains

The week concluded on 6 February 2026 with Network 18 closing at Rs.37.70, down 0.61% on the day. The Sensex, in contrast, gained 0.10%, underscoring the stock’s continued underperformance relative to the broader market. Volume was subdued at 61,135 shares, reflecting limited trading interest.

The stock’s weekly decline of 1.02% contrasted with the Sensex’s 1.51% gain, highlighting persistent challenges. Despite midweek gains, Network 18’s price remains below key moving averages and technical indicators continue to signal caution.

Daily Price Comparison: Network 18 vs Sensex

Key Takeaways

Network 18 Media & Investments Ltd’s week was marked by significant volatility, with a sharp 52-week low on 2 February followed by a strong rebound on 3 February. Despite this midweek recovery, the stock closed the week down 1.02%, underperforming the Sensex’s 1.51% gain. The stock’s technical indicators remain predominantly bearish, with resistance from longer-term moving averages and negative momentum signals across multiple timeframes.

Fundamentally, the company faces challenges including declining operating profits, high leverage, and earnings heavily reliant on non-operating income. The Mojo Grade of Strong Sell and a low Mojo Score of 12.0 reflect these concerns. The stock’s high beta of 1.24 indicates elevated volatility, which was evident in the week’s price swings.

While the gap up on 3 February suggested short-term positive sentiment, the inability to sustain gains above key technical levels and the overall weak fundamental backdrop suggest caution. The stock’s underperformance relative to the broader market and sector highlights ongoing headwinds.

Conclusion

Network 18 Media & Investments Ltd’s price action during the week of 2 to 6 February 2026 illustrates a stock grappling with persistent fundamental and technical challenges. The initial 52-week low underscored the downtrend, while the midweek gap up reflected transient optimism. However, the week’s close below the opening price and underperformance versus the Sensex confirm that the stock remains under pressure.

Investors should note the divergence between short-term price movements and longer-term bearish indicators, as well as the company’s financial metrics that continue to weigh on sentiment. The interplay of these factors will be critical in determining the stock’s trajectory in the coming weeks.

Upgrade at special rates, valid only for the next few days. Claim Your Special Rate →