Key Events This Week
2 Feb: Stock opens with a 5.0% gap down and hits lower circuit amid heavy selling pressure
3 Feb: Hits upper circuit limit with a 4.99% gain on strong buying interest
4 Feb: Sustains upper circuit hit, technical indicators upgraded to bullish
5 Feb: Continues rally with another upper circuit close, cumulative 20.59% gain over four sessions
6 Feb: Closes week at Rs.1,992.65 after fifth consecutive upper circuit hit, total weekly gain 20.34%
2 February 2026: Sharp Gap Down and Lower Circuit Hit Amid Selling Pressure
The week began with Sri Adhikari Brothers opening sharply lower by 5.0%, reflecting investor caution and broader market concerns. The stock touched an intraday low of Rs.1,489.6, hitting the lower circuit limit and closing at Rs.1,581.1, marking a maximum daily loss of approximately 5.0%. This decline was amid heavy selling pressure and panic-driven trading, with volumes concentrated near the day’s low. Despite the broader Sensex gaining 0.28%, the stock underperformed significantly, highlighting company-specific weakness.
Technical indicators at this stage showed mixed signals, with the stock trading below short-term moving averages but above longer-term averages, suggesting some underlying support. The MarketsMOJO Mojo Score stood at 37.0 with a Sell rating, upgraded from Strong Sell, indicating cautious sentiment. Delivery volumes plummeted, signalling reduced investor participation and a shift towards speculative trading.
3 February 2026: Rebound with Upper Circuit Hit on Strong Buying Momentum
Following the prior day’s weakness, the stock rebounded sharply on 3 February, hitting the upper circuit limit with a 4.99% gain to close at Rs.1,722.4. The session saw a volatile range between Rs.1,592 and Rs.1,722.5, but strong buying interest prevailed, driving the stock above its 50-day, 100-day, and 200-day moving averages. This surge outperformed the Media & Entertainment sector’s 1.45% gain and the Sensex’s 2.41% rise, signalling renewed investor confidence.
Despite modest trading volumes, delivery volumes remained subdued, suggesting speculative buying rather than broad-based accumulation. The regulatory freeze triggered by the upper circuit hit indicated unfilled demand, a bullish technical sign. The stock’s market capitalisation was approximately Rs.4,191 crore, consistent with its small-cap status.
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4 February 2026: Sustained Rally with Another Upper Circuit and Technical Upgrades
The bullish momentum continued on 4 February as the stock surged to Rs.1,800, hitting the upper circuit limit again with a 5.0% gain. The stock outperformed the sector’s 0.64% rise and the Sensex’s 0.23% increase, marking the third consecutive session of strong gains. Delivery volumes increased by 50.45%, indicating growing investor conviction and a shift towards holding shares rather than intraday trading.
Technical indicators upgraded the stock’s trend from mildly bullish to bullish, supported by positive MACD signals on weekly and monthly charts, bullish Bollinger Bands, and moving averages trending upwards. However, some mixed signals from the KST and Dow Theory suggested caution in the longer term. The MarketsMOJO Mojo Score improved to 44.0 with a Sell rating, reflecting a more favourable risk profile despite ongoing fundamental challenges.
5 February 2026: Fourth Consecutive Upper Circuit Hit Amid Strong Buying and Volume Surge
On 5 February, Sri Adhikari Brothers continued its impressive run, hitting the upper circuit limit once more to close at Rs.1,890.8, a 5.0% gain. This marked a cumulative return of 20.59% over four sessions. The stock outperformed its sector, which declined marginally by 0.14%, and the Sensex, which fell 0.59%, underscoring its relative strength amid a weak market.
Delivery volumes surged by 101.45%, signalling robust investor participation and confidence in the stock’s medium-term prospects. The stock traded above all key moving averages, confirming a strong technical uptrend. Despite modest overall liquidity, the regulatory freeze on further buying highlighted unfilled demand and strong conviction among buyers.
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6 February 2026: Week Closes with Fifth Upper Circuit Hit and 20.34% Weekly Gain
The week concluded on a high note with Sri Adhikari Brothers hitting the upper circuit limit for the fifth consecutive session, closing at Rs.1,992.65 with a 4.98% gain on the day. This rally outperformed the Media & Entertainment sector, which declined 0.52%, and the Sensex, which fell 0.55%. The stock’s five-day cumulative return reached 26.62%, underscoring sustained buying momentum and strong investor interest.
Despite the surge, delivery volumes declined sharply by 62%, suggesting that much of the buying was speculative or pending execution due to the regulatory freeze. The stock traded above all major moving averages, confirming a robust bullish trend. The company’s market capitalisation rose to approximately Rs.5,045 crore, maintaining its small-cap classification. The Mojo Score remained at 44.0 with a Sell rating, reflecting cautious optimism amid ongoing volatility.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-02 | Rs.1,648.45 | -0.45% | 35,814.09 | -1.03% |
| 2026-02-03 | Rs.1,730.85 | +5.00% | 36,755.96 | +2.63% |
| 2026-02-04 | Rs.1,808.75 | +4.50% | 36,890.21 | +0.37% |
| 2026-02-05 | Rs.1,898.20 | +4.95% | 36,695.11 | -0.53% |
| 2026-02-06 | Rs.1,992.65 | +4.98% | 36,730.20 | +0.10% |
Key Takeaways
Strong Weekly Outperformance: Sri Adhikari Brothers surged 20.34% over the week, vastly outperforming the Sensex’s 1.51% gain, driven by a sharp turnaround from early-week weakness to sustained buying pressure.
Multiple Upper Circuit Hits: The stock hit the upper circuit limit on four consecutive days (3-6 February), signalling intense demand and strong momentum despite a cautious broader market.
Technical Upgrades: The technical trend shifted from mildly bullish to bullish, supported by positive MACD, moving averages, and Bollinger Bands, although some indicators suggested caution on longer timeframes.
Volatility and Liquidity: The week began with a lower circuit hit amid panic selling, followed by volatile trading and regulatory freezes due to upper circuit hits. Delivery volumes fluctuated, indicating a mix of speculative and conviction-driven trading.
Market Sentiment and Ratings: The Mojo Score improved from Strong Sell to Sell, reflecting better fundamentals or sentiment, but the rating remains cautious given the stock’s small-cap volatility and sector challenges.
Conclusion
Sri Adhikari Brothers Television Network Ltd’s week was defined by a dramatic reversal from a sharp gap down and lower circuit hit to a powerful rally marked by multiple upper circuit closures. The stock’s 20.34% weekly gain and outperformance relative to the Sensex underscore a strong technical recovery and renewed investor interest. Technical upgrades and rising delivery volumes midweek suggest growing conviction, although the recent decline in delivery volumes and regulatory freezes highlight ongoing volatility and speculative elements.
While the improved Mojo Score and bullish technical indicators provide a constructive near-term outlook, the stock’s small-cap status and mixed longer-term signals counsel caution. Investors should monitor volume trends, sector developments, and upcoming corporate disclosures to assess the sustainability of this momentum-driven rally within the dynamic media and entertainment sector.
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