Sri Adhikari Brothers Television Network Ltd Gains 0.85%: 5 Key Factors Driving the Week

Monday, 19 January 2026: New 52-Week High Signals Strong Momentum

On Monday, Sri Adhikari Brothers Television Network Ltd surged to a new 52-week high of Rs.2,116.5, closing at Rs.2,116.35, a gain of 4.99% on the day. This marked the fifth consecutive day of gains, reflecting robust buying interest despite the Sensex declining by 0.49%. The stock’s outperformance of the broader market and its sector highlighted its strong relative strength. Trading volumes were moderate at 4,478 shares, supporting the price rally. The stock traded above all key moving averages, signalling a sustained uptrend.

Tuesday, 20 January 2026: All-Time High at Rs.2,221.95 Amid Continued Rally

Building on Monday’s momentum, the stock hit an all-time high of Rs.2,221.95 on Tuesday, closing at Rs.2,189.10, up 3.44%. This represented a six-day consecutive gain streak with a cumulative return of nearly 20%. The stock outperformed the Sensex, which fell by 1.82%, and the media sector by over 5%. Intraday volatility was elevated, reflecting active trading interest. The technical setup remained strong with the stock trading above all major moving averages, reinforcing the bullish trend.

Wednesday, 21 January 2026: Volatile Session with New High and Sharp Correction

Wednesday was marked by significant volatility. The stock reached a new 52-week and all-time high of Rs.2,260 intraday, opening with a gap up of 3.24%. However, profit-taking intensified, and the stock plunged to hit its lower circuit limit, closing at Rs.2,079.65, down 5.00%. The intraday price swing of 6.74% reflected heightened uncertainty and aggressive selling pressure. Trading volumes increased to 5,612 shares, with the majority of trades occurring near the day’s low, indicating panic selling. This sharp reversal contrasted with the broader market’s modest 0.47% decline, signalling company-specific pressures.

Thursday, 22 January 2026: Strong Rebound Hits Upper Circuit

The stock rebounded strongly on Thursday, surging 2.78% to close at Rs.2,137.55 and hitting the upper circuit limit during the session at Rs.2,183.20. Despite opening lower by 2.85%, robust buying interest propelled the stock to outperform its sector and the Sensex, which gained 0.76%. The total traded volume was 3,103 shares, with delivery volumes rising, indicating genuine accumulation. The stock remained above all key moving averages, signalling renewed investor confidence after Wednesday’s sell-off. The regulatory freeze on trading due to the upper circuit hit highlighted strong unfilled demand.

Friday, 23 January 2026: Profit Booking Leads to Weekly Close Below Recent Highs

On Friday, the stock declined 4.90% to close at Rs.2,032.90 amid heavy selling pressure and the highest weekly volume of 7,061 shares. The decline outpaced the Sensex’s 1.33% fall, reflecting profit booking after the prior day’s upper circuit surge. Despite the pullback, the stock ended the week with a positive gain of 0.85%, demonstrating resilience in a broadly weak market. The week’s price action was characterised by strong rallies, sharp corrections, and regulatory price band triggers, underscoring the stock’s volatility and active trading interest.

Daily Price Comparison: Sri Adhikari Brothers Television Network Ltd vs Sensex

Key Takeaways

Positive Signals: The stock demonstrated strong resilience by hitting multiple new 52-week and all-time highs early in the week, supported by sustained buying interest and technical strength above all major moving averages. It outperformed the Sensex by a wide margin, gaining 0.85% versus the benchmark’s 3.31% decline, highlighting its relative strength amid a weak market.

Cautionary Signals: The sharp intraday volatility and the lower circuit hit on 21 January indicate heightened risk and profit-taking pressures. The subsequent upper circuit on 22 January and the strong sell-off on 23 January underscore the stock’s susceptibility to rapid swings, reflecting a volatile trading environment. The current Mojo Grade remains at ‘Sell’, signalling a cautious fundamental outlook despite the price momentum.

Volume and Liquidity: Trading volumes fluctuated during the week, with the highest volume recorded on the final day, coinciding with the sharp decline. Delivery volumes showed signs of genuine accumulation on the rebound day, but the heavy selling on 21 January suggests investor uncertainty.

Conclusion

Sri Adhikari Brothers Television Network Ltd’s week was characterised by a strong rally to new highs followed by significant volatility and profit-taking. The stock’s ability to outperform the Sensex amid a broadly negative market environment reflects underlying strength and investor interest. However, the sharp swings and regulatory price band triggers highlight the risks associated with its current trading range. The Mojo Grade of ‘Sell’ advises prudence, suggesting that while momentum remains positive, investors should be mindful of valuation and volatility risks. Overall, the stock’s performance this week underscores its dynamic nature within the Media & Entertainment sector and the importance of monitoring technical and fundamental indicators closely.

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