Sri Adhikari Brothers Television Network Ltd Hits Lower Circuit Amid Heavy Selling Pressure

Intraday Price Movement and Circuit Breaker Trigger

On 10 Feb 2026, SABTN’s stock price fell by ₹94.1, representing a 4.98% drop to close at ₹1797.0. The stock touched an intraday low of ₹1796.6, triggering the maximum permissible daily price band of 5%, which halted further trading declines. This lower circuit hit is a rare event that underscores the severity of the selling pressure faced by the stock. The weighted average price for the day was skewed towards the lower end of the band, indicating that most trades occurred near the bottom price limit.

Volume and Liquidity Analysis

Trading volumes were relatively modest, with total traded volume at approximately 0.09459 lakh shares and a turnover of ₹1.71 crore. Despite the limited volume, the stock’s liquidity remains adequate for trades up to ₹0.14 crore, based on 2% of the five-day average traded value. Notably, delivery volumes on 09 Feb 2026 surged by 58.79% to 3.57 thousand shares compared to the five-day average, signalling rising investor participation ahead of the sharp price fall.

Sector and Market Context

The Media & Entertainment sector, in which SABTN operates, recorded a positive return of 3.36% on the same day, while the broader Sensex index gained 0.36%. SABTN’s 4.82% one-day loss starkly contrasts with these benchmarks, highlighting its underperformance by 7.58% relative to its sector peers. This divergence suggests company-specific factors are driving the sell-off rather than sector-wide trends.

Technical Indicators and Moving Averages

From a technical standpoint, SABTN’s current price remains above its 50-day, 100-day, and 200-day moving averages, which typically indicate longer-term support levels. However, the stock is trading below its 5-day and 20-day moving averages, reflecting short-term bearish momentum. The consecutive two-day decline has resulted in a cumulative loss of 9.48%, intensifying the negative sentiment among traders and investors.

Fundamental and Market Capitalisation Overview

Sri Adhikari Brothers Television Network Ltd is classified as a small-cap company with a market capitalisation of approximately ₹4,587 crore. Operating within the Media & Entertainment industry, the company has been grappling with challenges that have impacted investor confidence. Its current Mojo Score stands at 44.0, with a Mojo Grade of Sell, reflecting a downgrade from a previous Strong Sell rating issued on 04 Sep 2025. This shift indicates a slight improvement in outlook but still signals caution for investors.

Investor Sentiment and Panic Selling Dynamics

The sharp decline and circuit breaker activation are symptomatic of panic selling, where investors rush to exit positions amid uncertainty. The unfilled supply of shares at lower price levels suggests that sellers overwhelmed buyers, exacerbating the downward pressure. This imbalance often leads to a liquidity crunch, further intensifying price declines. The stock’s inability to recover intraday and the clustering of trades near the lower price band underscore the prevailing bearish sentiment.

Comparative Performance and Risk Assessment

Compared to its sector peers, SABTN’s performance is notably weak. While the Media & Entertainment sector has shown resilience with positive returns, SABTN’s stock has lagged significantly. This underperformance raises concerns about the company’s near-term prospects and risk profile. Investors should weigh the potential for further downside against any fundamental catalysts that might stabilise or reverse the trend.

Outlook and Investor Considerations

Given the current market dynamics, investors should approach SABTN with caution. The recent downgrade in Mojo Grade to Sell, combined with the stock’s failure to hold above short-term moving averages, suggests that downside risks remain elevated. However, the stock’s position above longer-term moving averages may provide some technical support if selling pressure abates.

Investors are advised to monitor trading volumes and price action closely in the coming sessions to gauge whether the panic selling subsides or intensifies. Additionally, keeping an eye on sector developments and company-specific news will be crucial to reassessing the stock’s trajectory.

Conclusion

Sri Adhikari Brothers Television Network Ltd’s plunge to the lower circuit limit on 10 Feb 2026 highlights the fragile state of investor sentiment surrounding this small-cap media company. Heavy selling pressure, unfilled supply, and panic-driven exits have combined to produce a maximum daily loss of nearly 5%, starkly contrasting with sector and market gains. While the downgrade to a Sell rating reflects ongoing concerns, the stock’s technical and fundamental profile warrants close scrutiny for those considering exposure in this volatile environment.

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