Key Events This Week
Jan 19: Stock opens at Rs.239.05, down 1.77%
Jan 20: Technical momentum shifts amid mixed signals, stock falls 6.27%
Jan 22: Price rebounds 2.62% on heavy volume
Jan 23: Golden Cross forms, but stock closes lower at Rs.221.25 (-3.34%)
Monday, 19 January: Weak Start Amid Broader Market Decline
Sar Televenture Ltd opened the week at Rs.239.05, down 1.77% from the previous close of Rs.243.35. This decline came alongside a 0.49% drop in the Sensex, which closed at 36,650.97. The stock’s volume was moderate at 99,500 shares, indicating cautious trading. The broader market weakness set a challenging tone for the stock, which was already under pressure from recent technical downgrades.
Tuesday, 20 January: Technical Momentum Shifts, Stock Drops Sharply
The stock experienced a significant fall of 6.27% to close at Rs.224.05, on increased volume of 136,500 shares. This day coincided with a key technical update signalling a shift from a mildly bullish to a sideways trend. Despite mixed signals from various indicators, the downgrade to a Sell rating by MarketsMOJO on 2 January 2026 weighed heavily on sentiment. The Sensex also declined sharply by 1.82%, closing at 35,984.65, reflecting broader market weakness.
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Wednesday, 21 January: Continued Weakness Amid Sideways Momentum
The stock marginally declined by 0.45% to Rs.223.05 on a volume of 98,500 shares. The Sensex also fell by 0.47% to 35,815.26. Technical indicators remained mixed, with daily moving averages mildly bearish and weekly MACD still bullish, reflecting indecision among investors. The sideways trend persisted, with no clear directional breakout, maintaining a cautious market stance.
Thursday, 22 January: Price Rebounds on Heavy Volume
Sar Televenture Ltd rebounded 2.62% to close at Rs.228.90, supported by a surge in volume to 301,000 shares. This recovery contrasted with a 0.76% gain in the Sensex, which closed at 36,088.66. The rebound was consistent with weekly Bollinger Bands indicating mild bullishness and the KST indicator remaining positive. However, the stock remained below key moving averages, signalling that the recovery was tentative.
Friday, 23 January: Golden Cross Formation Amid Mixed Signals
Despite the formation of a Golden Cross, where the 50-day moving average crossed above the 200-day moving average, the stock closed lower at Rs.221.25, down 3.34% on volume of 119,000 shares. The Sensex declined 1.33% to 35,609.90. This technical milestone suggests potential for a long-term bullish breakout, yet short-term indicators such as weekly MACD and Bollinger Bands remained bearish. The stock’s Mojo Score of 37.0 and Sell rating reflect ongoing fundamental concerns despite this positive technical development.
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| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-01-19 | Rs.239.05 | -1.77% | 36,650.97 | -0.49% |
| 2026-01-20 | Rs.224.05 | -6.27% | 35,984.65 | -1.82% |
| 2026-01-21 | Rs.223.05 | -0.45% | 35,815.26 | -0.47% |
| 2026-01-22 | Rs.228.90 | +2.62% | 36,088.66 | +0.76% |
| 2026-01-23 | Rs.221.25 | -3.34% | 35,609.90 | -1.33% |
Key Takeaways
Mixed Technical Signals: The week saw a transition from sideways momentum to a Golden Cross formation, signalling a potential long-term bullish reversal. However, short-term indicators such as weekly MACD and Bollinger Bands remained bearish, reflecting ongoing volatility and uncertainty.
Underperformance vs Sensex: Sar Televenture Ltd declined 9.08% over the week, significantly underperforming the Sensex’s 3.31% drop. This divergence highlights sector-specific challenges and investor caution.
Volume and Momentum: Heavy volume on 22 January accompanied a price rebound, suggesting pockets of buying interest. Yet, the subsequent decline on 23 January despite the Golden Cross indicates that momentum remains fragile.
Fundamental Concerns Persist: The company’s Mojo Score of 37.0 and Sell rating reflect ongoing fundamental weaknesses, including a below-average P/E ratio relative to the telecom sector and micro-cap status with limited liquidity.
Conclusion
Sar Televenture Ltd’s week was characterised by significant technical developments amid a challenging market backdrop. The formation of a Golden Cross offers a hopeful signal for a potential trend reversal, yet the stock’s sharp weekly decline and mixed momentum indicators counsel caution. The underperformance relative to the Sensex and the company’s current Sell rating underscore the need for careful monitoring of both technical and fundamental factors. Investors should watch for confirmation of sustained upward momentum before considering a more optimistic outlook, as short-term volatility and sector headwinds remain prominent.
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