Sri Adhikari Brothers Declines 3.65%: Circuit Limits and Earnings Pressure Shape Week

9 February: Upper Circuit Triggered on Strong Buying Momentum

On Monday, 9 February 2026, Sri Adhikari Brothers Television Network Ltd surged to hit its upper circuit limit, closing at Rs.2,068.80 after an intraday high of Rs.2,084.50. This represented a maximum permissible gain of 5.0% for the day, driven by robust buying interest despite the company’s existing “Sell” mojo grade. The stock opened with a gap-up of 3.76%, signalling strong overnight sentiment and immediate demand at market open.

Trading volumes were moderate at 11,095 shares, with a turnover of approximately Rs.3.63 crore. The stock outperformed the Sensex, which rose 1.04% to 37,113.23, and the broader media sector, underscoring concentrated investor enthusiasm. Technically, the stock was trading above all key moving averages, attracting momentum traders. However, the regulatory freeze triggered by the upper circuit hit indicated unfilled demand and potential volatility ahead.

10 February: Sharp Reversal as Stock Hits Lower Circuit Amid Heavy Selling

The bullish momentum reversed dramatically on 10 February, with the stock plunging to its lower circuit limit of Rs.1,797.00, a 5.0% intraday fall from the previous close. This sharp decline was accompanied by heavy selling pressure and panic offloading, with most trades executed near the day’s low. Volume was slightly lower than the previous day at 7,706 shares, but the weighted average price skewed towards the bottom, signalling aggressive selling.

While the Sensex advanced 0.25% to 37,207.34 and the media sector gained 3.36%, Sri Adhikari Brothers underperformed significantly, reflecting company-specific concerns. The stock’s short-term technical indicators weakened, trading below its 5-day and 20-day moving averages, though longer-term averages remained supportive. The plunge to the lower circuit highlighted heightened volatility and investor anxiety amid uncertain fundamentals.

11-12 February: Continued Weakness and Market Volatility

On 11 February, the stock marginally declined by 0.50% to Rs.1,975.65 on thin volumes of 767 shares, reflecting cautious trading after the previous day’s sharp fall. The Sensex continued its modest upward trend, gaining 0.13% to 37,256.72. However, on 12 February, Sri Adhikari Brothers fell further by 3.30% to Rs.1,910.45 amid a broader market correction, with the Sensex declining 0.56% to 37,049.40. The stock’s volume dropped to 557 shares, indicating subdued investor participation amid uncertainty.

These two sessions underscored the stock’s vulnerability to volatility and the absence of strong buying support, as it struggled to regain momentum amid mixed market signals and sector pressures.

13 February: Q1 FY26 Results Deepen Operational Concerns

The week concluded with the release of Sri Adhikari Brothers’ Q1 FY26 results, which revealed a deepening operational collapse and mounting losses. This disappointing performance compounded investor concerns, contributing to the stock’s modest 0.49% gain to Rs.1,919.90 on low volume of 414 shares. The Sensex fell sharply by 1.40% to 36,532.48, reflecting broader market weakness.

The results highlighted deteriorating fundamentals, reinforcing the company’s “Sell” mojo grade with a score of 44.0. This fundamental weakness contrasted with the technical volatility seen earlier in the week, suggesting that the stock’s recent price swings were driven more by sentiment and trading dynamics than by improving business prospects.

Daily Price Performance vs Sensex

Key Takeaways

Positive Signals: The stock demonstrated strong intraday momentum on 9 February, hitting the upper circuit and trading above key moving averages, indicating technical strength and short-term buying interest. Delivery volumes had increased prior to the rally, suggesting genuine accumulation rather than speculative trading.

Cautionary Signals: The sharp reversal to the lower circuit on 10 February highlighted significant selling pressure and investor anxiety. The company’s fundamental outlook remains weak, as reflected in its “Sell” mojo grade and the disappointing Q1 FY26 results showing deepening operational losses. The stock’s volatility and small-cap status add to the risk profile.

Overall, the week’s price action was dominated by sentiment-driven swings rather than sustained fundamental improvement, with the stock underperforming the broader market and sector indices.

Conclusion

Sri Adhikari Brothers Television Network Ltd’s week was characterised by extreme volatility, with the stock swinging between upper and lower circuit limits before settling lower by 3.65%. The initial buying enthusiasm was quickly offset by heavy selling and fundamental disappointments revealed in the quarterly results. While technical indicators showed intermittent strength, the underlying operational challenges and cautious mojo rating suggest that the stock remains vulnerable to further downside. Investors should remain attentive to upcoming developments and market conditions before considering exposure to this small-cap media company.

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