Sri Adhikari Brothers Faces Prolonged Stock Decline Amid Broader Market Stability

Sri Adhikari Brothers Television Network has faced significant challenges in its stock performance, experiencing a notable decline of 10.0% on January 14, 2025. This drop marks the 21st consecutive day of losses for the small-cap company, with an overall decrease of 59.55% during this period. The stock opened at Rs 836.7 and reached an intraday low of the same price, indicating a lack of volatility throughout the trading day. In terms of technical indicators, the stock is currently positioned above its 200-day moving average but below its 5-day, 20-day, 50-day, and 100-day moving averages, suggesting a mixed trend in its short-term performance. In contrast, the broader market, represented by the Sensex, saw a slight increase of 0.48% on the same day, highlighting the stark underperformance of Sri Adhikari Brothers relative to the market and its sector. Over the past month, the stock's decline of 59.55% stands in sharp contrast to the Sensex's decrease of 6.61%, further emphasizing the challenges faced by the company in the current market environment.