Sri Adhikari Brothers Faces Intense Selling Pressure Amid Consecutive Losses

Sri Adhikari Brothers Television Network Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced consecutive losses over the past two days, declining by 3.95% during this period. Today, it opened with a loss of 2%, reaching an intraday low of Rs 606.05, and has remained at this price level throughout the trading session.
In terms of performance relative to the Sensex, Sri Adhikari Brothers has underperformed, with a 1-day decline of 2.00% compared to the Sensex's drop of 0.56%. While the stock had shown positive performance over the past week, month, and year, it has notably struggled year-to-date, down 61.07% against the Sensex's modest gain of 2.76%.

Several factors may be contributing to the current selling pressure, including high volatility, with an intraday volatility of 119.59%. The stock's moving averages indicate a mixed trend, being higher than the 20-day and 50-day averages but lower than the 5-day, 100-day, and 200-day averages. This complex performance landscape highlights the challenges faced by Sri Adhikari Brothers in the current market environment.