SABTNL Stock Reaches All-Time High, But MarketsMOJO Advises Against Investing

Sri Adhikari Brothers Television Network (SABTNL) has been making waves in the TV broadcasting and software industry. The smallcap company's stock price has recently reached an all-time high on August 19, 2024. However, according to MarketsMOJO, the stock call for SABTNL is 'Sell'.

Despite the stock's impressive performance today, with a new 52-week high of Rs.480.4 and outperforming the sector by 0.77%, MarketsMOJO advises against investing in SABTNL. The stock has been on a consecutive 21-day gaining streak, with a 51.35% increase in returns during this period. It also opened with a 2% gain today and touched an intraday high of Rs.480.4.

Interestingly, the stock has been trading at a consistent price of Rs.480.4 since its opening, indicating a lack of range in its movement. Additionally, SABTNL is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In terms of performance, SABTNL has outshined the Sensex with a staggering 28495.24% increase in the past year, while the Sensex has only seen a 23.87% growth. This showcases the company's strong performance and potential for growth in the TV broadcasting and software industry.

Overall, Sri Adhikari Brothers Television Network has been making headlines with its impressive stock performance, but investors should take caution and consider the 'Sell' recommendation by MarketsMOJO before making any investment decisions.