Sri Adhikari Brothers Faces Significant Trading Activity Amid Market Sentiment Shift
During the day, the stock reached an intraday high of Rs 707.0 before falling to a low of Rs 640.4, marking a wide trading range of Rs 66.6. The total traded volume was approximately 0.06824 lakh shares, resulting in a turnover of Rs 0.4636 crore.
Despite opening with a gain of 2.95%, the stock underperformed its sector by 4.46%, reversing a trend of seven consecutive days of gains. The weighted average price indicated that more volume was traded closer to the low price, suggesting a shift in market sentiment.
Overall, Sri Adhikari Brothers Television Network Ltd's performance today highlights a significant downturn, with the stock's movement reflecting broader market dynamics within the TV broadcasting sector.
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