Raj Television Network Faces Intense Selling Pressure Amid Significant Price Declines

Raj Television Network Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced a notable decline of 4.98%, sharply contrasting with the Sensex, which has only dipped by 0.14%. This marks a continuation of a troubling trend, as Raj Television has recorded consecutive days of losses, with a staggering 7.52% drop over the past week.
The stock's performance over the past month is particularly concerning, down 43.38%, while the Sensex has gained 7.06% during the same period. Over the last year, Raj Television has plummeted by 55.36%, in stark contrast to the Sensex's positive return of 9.19%. Year-to-date, the stock has declined by 43.74%, while the Sensex has risen by 3.26%.

Today's trading saw the stock hit an intraday low of Rs 45.01, reflecting a broader trend where it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The TV Broadcasting & Software sector itself has also faced challenges, declining by 2.02%. These factors collectively contribute to the ongoing selling pressure on Raj Television Network Ltd.