Sri Adhikari Brothers Television Network Shows Strong Market Momentum Amid Increased Trading Activity

Jun 23 2025 10:00 AM IST
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Sri Adhikari Brothers Television Network Ltd has experienced significant trading activity, reaching its upper circuit limit and achieving an intraday high. The stock has shown a strong performance over the past five days, with notable trading volume and liquidity, indicating positive investor sentiment in the Media & Entertainment sector.
Sri Adhikari Brothers Television Network Ltd, a small-cap player in the Media & Entertainment sector, has shown remarkable activity today, hitting its upper circuit limit. The stock reached an intraday high of Rs 755.2, reflecting a significant gain of 5% from its previous close. This upward movement is part of a broader trend, as the stock has been on a winning streak for the last five days, accumulating a total return of 27.6% during this period.

The stock opened with a gap up today, further emphasizing its strong performance. With a total traded volume of 0.0211 lakh shares and a turnover of Rs 0.159 crore, the trading activity indicates a healthy level of liquidity, sufficient for trades of Rs 0.01 crore. Notably, Sri Adhikari Brothers is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, showcasing its robust market position.

Despite a decline in delivery volume, which fell by 91.91% compared to the 5-day average, the stock's performance today outpaced its sector by 5.61%. Overall, Sri Adhikari Brothers Television Network Ltd has demonstrated strong momentum in the market, reflecting positive investor sentiment.
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