Raj Television Network Falls to 52-Week Low of Rs.36.1 Amid Market Pressure

On 20 Nov 2025, Raj Television Network opened with a gain of 3.36%, touching an intraday high of Rs.39.4, representing a 5.94% increase from the previous close. However, the stock reversed course during the trading session, falling to an intraday low of Rs.36.1, a decline of 2.93% by the close. This marks the lowest price level for the stock in the past 52 weeks, underscoring persistent downward pressure.

The stock has been on a downward trajectory for the last two days, with cumulative returns over this period showing a decline of 3.76%. Raj Television Network’s performance today also underperformed its sector by 2.93%, indicating relative weakness compared to its Media & Entertainment peers.

Technical indicators further highlight the stock’s subdued momentum. Raj Television Network is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This positioning suggests a sustained bearish trend over both short and long-term horizons.

In contrast to Raj Television Network’s decline, the broader market has shown resilience. The Sensex opened higher at 85,470.92 points, gaining 284.45 points or 0.33%, and was trading at 85,292.92 points by mid-session, representing a 0.12% increase. The Sensex also reached a new 52-week high today, supported by mega-cap stocks leading the gains. The index is trading above its 50-day moving average, which itself is positioned above the 200-day moving average, signalling a bullish trend for the broader market.

Over the past year, Raj Television Network’s stock price has declined by 39.14%, a stark contrast to the Sensex’s 9.94% rise during the same period. The stock’s 52-week high was Rs.95.35, highlighting the extent of the recent price contraction.

Financially, the company’s long-term fundamentals have shown limited strength. The average Return on Capital Employed (ROCE) stands at 2.54%, indicating modest efficiency in generating returns from capital investments. Net sales have grown at an annual rate of 12.30% over the last five years, while operating profit has expanded at a rate of 10.12% annually during the same period. These growth rates suggest moderate expansion but may not be sufficient to drive significant shareholder value in the current environment.

Debt servicing capacity remains a concern, with the average EBIT to interest ratio at a low 0.07, reflecting limited earnings available to cover interest expenses. This ratio points to potential financial strain in managing debt obligations.

Recent financial results have also reflected some pressures. The operating cash flow for the year was recorded at a low of Rs. -5.17 crores, indicating cash outflows from core business activities. The profit after tax (PAT) for the latest six months stood at Rs.0.52 crore, showing a contraction of 47.31% compared to previous periods. Additionally, cash and cash equivalents at half-year were at a minimal Rs.0.17 crore, underscoring tight liquidity conditions.

The stock’s risk profile is elevated due to negative EBITDA figures, which contribute to its classification as trading at a risky valuation relative to historical averages. Despite the stock’s negative return over the past year, reported profits have risen by 77.3%, suggesting some operational improvements that have yet to translate into share price gains.

Raj Television Network’s performance has been below par not only in the recent year but also over longer time frames. The stock has underperformed the BSE500 index over the last three years, one year, and three months, reflecting persistent challenges in maintaining competitive returns.

Ownership of Raj Television Network remains concentrated with promoters holding the majority stake. This structure often influences strategic decisions and company direction, though it does not directly affect the stock’s recent price movements.

In summary, Raj Television Network’s fall to a 52-week low of Rs.36.1 reflects a combination of subdued financial metrics, liquidity constraints, and relative underperformance compared to broader market indices and sector peers. While the Sensex and mega-cap stocks have shown strength, Raj Television Network continues to face headwinds that have kept its share price under pressure.

Limited Time Only! Subscribe for Rs. 12,999 and get 1 Year of MojoOne + an Additional Year Completely FREE. Don't miss out on this exclusive offer. Claim Your Free Year →