Key Events This Week
27 Jan: Lower circuit hit amid heavy selling, closing at Rs.1,931.30 (-5.00%)
28 Jan: Continued decline to Rs.1,834.75 (-5.00%) despite Sensex rally
29 Jan: Lower circuit triggered again, closing at Rs.1,743.05 (-5.00%)
30 Jan: Gap down opening and fifth consecutive lower circuit close at Rs.1,650.40 (-5.00%)
27 January 2026: Lower Circuit Hit Amid Heavy Selling Pressure
On 27 January, SABTN’s stock opened sharply lower by 3.01% and closed at Rs.1,931.30, down 5.00%, hitting the lower circuit limit. The stock’s intraday low of Rs.1,924.7 capped losses for the day, reflecting panic selling and unfilled supply. Trading volume was modest at 6,813 shares, with turnover around ₹1.76 crore, indicating subdued participation amid the sell-off.
While the broader Sensex gained 0.50% and the Media & Entertainment sector declined 3.72%, SABTN’s 5.00% drop notably outpaced sectoral weakness, signalling company-specific concerns. The stock remained above its longer-term moving averages but fell below the 5-day average, suggesting emerging short-term bearish momentum.
28 January 2026: Continued Decline Despite Market Rally
The downward trend persisted on 28 January as SABTN closed at Rs.1,834.75, another 5.00% loss. This decline occurred despite a strong Sensex rally of 1.12%, underscoring the stock’s underperformance. Volume decreased to 4,703 shares, reflecting waning investor interest. The stock’s failure to recover amid positive market conditions highlighted ongoing negative sentiment and pressure specific to SABTN.
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29 January 2026: Lower Circuit Triggered Again Amid Volatility
SABTN’s stock experienced significant volatility on 29 January, opening down 3.92% and briefly rising intraday by 4.99% to Rs.1,919.9 before plunging to the lower circuit close at Rs.1,743.05 (-5.00%). The wide intraday range of Rs.182.7 highlighted intense trading swings dominated by sellers. Volume increased to 3,894 shares with a turnover of ₹5.66 crore, yet delivery volumes declined slightly, indicating speculative selling rather than accumulation.
The stock’s four-day losing streak, with an 18.41% cumulative drop, contrasted with a modest 0.27% Sensex decline and a 2.05% sector fall, emphasising SABTN’s distinct challenges. Technically, the stock remained above its longer-term moving averages but below short-term averages, signalling bearish momentum.
30 January 2026: Gap Down Opening and Fifth Consecutive Lower Circuit Close
On the final trading day of the week, SABTN opened sharply lower at Rs.1,655.90, down 5.00% from the previous close, immediately hitting the lower circuit at Rs.1,650.40. The stock remained locked at this level throughout the session, with extremely low volume of just 116 shares and turnover of ₹0.55 crore, reflecting a lack of buying interest amid persistent selling pressure.
This marked the fifth consecutive day of losses, with the stock falling 22.49% over this period. The broader Sensex declined marginally by 0.22%, and the Media & Entertainment sector fell 0.82%, underscoring SABTN’s pronounced underperformance. Despite the short-term weakness, the stock remained above its 50-day, 100-day, and 200-day moving averages, suggesting some longer-term technical support.
Technical indicators presented a mixed picture: bullish MACD on weekly and monthly charts contrasted with bearish weekly RSI and mild monthly bearishness in the Know Sure Thing indicator. The stock’s high beta of 1.35 amplified its volatility, consistent with the sharp moves observed this week.
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| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-01-27 | Rs.1,931.30 | -5.00% | 35,786.84 | +0.50% |
| 2026-01-28 | Rs.1,834.75 | -5.00% | 36,188.16 | +1.12% |
| 2026-01-29 | Rs.1,743.05 | -5.00% | 36,266.59 | +0.22% |
| 2026-01-30 | Rs.1,655.90 | -5.00% | 36,185.03 | -0.22% |
Key Takeaways
1. Persistent Selling Pressure: The stock’s five consecutive days of 5.00% declines, including multiple lower circuit hits, indicate sustained panic selling and lack of buyer support.
2. Underperformance vs Market and Sector: While the Sensex gained 1.62% and the Media & Entertainment sector showed moderate declines, SABTN’s 18.54% weekly fall highlights company-specific challenges.
3. Technical Support Levels: Despite short-term weakness below 5-day and 20-day moving averages, the stock remains above longer-term averages, suggesting potential technical floors.
4. Mixed Technical Indicators: Bullish MACD and On-Balance Volume contrast with bearish RSI and short-term momentum, reflecting uncertainty in price direction.
5. Declining Investor Participation: Reduced delivery volumes and low trading turnover during circuit hits signal waning conviction among investors and heightened volatility risk.
Conclusion
Sri Adhikari Brothers Television Network Ltd’s stock endured a notably difficult week, marked by sharp declines and repeated lower circuit hits that underscore intense selling pressure and investor apprehension. The stock’s underperformance relative to the Sensex and its sector points to company-specific issues driving the sell-off. While longer-term technical indicators offer some support, short-term momentum remains firmly negative, amplified by the stock’s high beta and volatility. Market participants should remain cautious and monitor developments closely, as the current environment suggests continued uncertainty and potential downside risk in the near term.
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