Network 18 Media & Investments Ltd sees decline in stock price, given 'Strong Sell' call by MarketsMOJO

Sep 19 2024 01:45 PM IST
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On September 19, 2024, Network 18 Media & Investments Ltd, a midcap company in the TV broadcasting and software industry, saw a decline in its stock price and was given a 'Strong Sell' call by MarketsMojo. The stock has been underperforming the sector and the overall market, with a consecutive fall for the last 3 days and a total decline of -6.43%. Investors should monitor the company's performance closely.

Network 18 Media & Investments Ltd, a midcap company in the TV broadcasting and software industry, has seen a decline in its stock price on September 19, 2024. The stock has been given a 'Strong Sell' call by MarketsMOJO, indicating a negative outlook for the company.

On this day, the stock underperformed the sector by -2.79%, with a consecutive fall for the last 3 days and a total decline of -6.43%. The stock also touched an intraday low of Rs 85.38, a decrease of -5.4%.

In terms of moving averages, Network 18 Media & Investments Ltd is currently trading below its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages, indicating a downward trend in its stock price.

The TV broadcasting & software sector as a whole has also seen a decline of -2.47%, further adding to the negative sentiment surrounding Network 18 Media & Investments Ltd.

In comparison to the overall market performance, Network 18 Media & Investments Ltd has significantly underperformed, with a -5.86% decline compared to the Sensex's 0.24% increase on the same day. Over the past month, the stock has also seen a decline of -10.76%, while the Sensex has seen a positive growth of 3.39%.

Investors should keep a close eye on the performance of Network 18 Media & Investments Ltd and the TV broadcasting & software sector as a whole, as the stock continues to face downward pressure.
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