Strong Momentum Drives Stock to New Heights
The stock of Sri Adhikari Brothers Television Network Ltd (Stock ID: 469703) surged to an intraday peak of Rs.2260, representing a 3.24% gain from its opening price. This new high underscores the stock’s robust momentum, which has been sustained over the past several weeks. Notably, the stock has been trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a strong upward trend across multiple timeframes.
However, after six consecutive days of gains, the stock experienced a pullback today, closing with a day’s low of Rs.2079.65, down 5.00% from the intraday high. This volatility is reflected in the intraday price range, which showed a high volatility of 6.74% based on the weighted average price, indicating active trading and investor engagement throughout the session.
Exceptional One-Year Performance Compared to Market
Over the past year, Sri Adhikari Brothers Television Network Ltd has delivered an outstanding return of 239.01%, vastly outperforming the Sensex, which rose by only 7.50% during the same period. This exceptional performance highlights the stock’s resilience and strong positioning within the Media & Entertainment sector, which itself has faced various pressures amid a fluctuating market environment.
The stock’s 52-week low stands at Rs.349.15, illustrating the significant appreciation in value over the last twelve months. This wide price range further emphasises the stock’s strong recovery and growth trajectory.
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Market Context and Sector Performance
While Sri Adhikari Brothers Television Network Ltd has demonstrated strong gains, the broader market has faced challenges. The Sensex opened 385.82 points lower and continued to decline, closing down 241.27 points at 81,553.38, a 0.76% drop. This marks the Sensex’s third consecutive weekly decline, with a cumulative loss of 4.91% over the past three weeks. The index is currently trading below its 50-day moving average, although the 50DMA remains above the 200DMA, indicating some underlying support in the medium term.
Within this environment, the Media & Entertainment sector has experienced mixed performance, with Sri Adhikari Brothers Television Network Ltd standing out due to its significant price appreciation and sustained upward trend.
Stock Rating and Quality Assessment
According to MarketsMOJO’s latest assessment dated 04 September 2025, Sri Adhikari Brothers Television Network Ltd holds a Mojo Score of 44.0 and a Mojo Grade of Sell, an improvement from its previous Strong Sell rating. The Market Cap Grade is rated at 3, reflecting a moderate market capitalisation relative to its peers. Despite the recent price rally, these ratings suggest a cautious stance based on the company’s overall financial and market metrics.
The stock’s day performance today underperformed its sector by 3.33%, indicating some short-term profit-taking or sector-specific pressures despite the new 52-week high milestone.
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Technical Indicators and Trading Activity
The stock’s ability to maintain levels above all major moving averages signals strong technical support and positive investor sentiment over the medium and long term. The gap-up opening today by 3.24% further emphasised the bullish momentum, although the subsequent intraday volatility and closing below the day’s high suggest some profit-booking activity.
Such price action is typical in stocks experiencing rapid appreciation, reflecting a healthy balance between buying enthusiasm and cautious profit realisation.
Summary of Key Price Metrics
To summarise, Sri Adhikari Brothers Television Network Ltd’s key price metrics as of 21 January 2026 are:
- New 52-week high: Rs.2260
- Intraday high: Rs.2260 (+3.24%)
- Intraday low: Rs.2079.65 (-5.00%)
- Opening gain: 3.24%
- Intraday volatility: 6.74%
- One-year return: 239.01%
- 52-week low: Rs.349.15
These figures highlight the stock’s remarkable price appreciation and active trading profile over the past year and in the current session.
Conclusion
Sri Adhikari Brothers Television Network Ltd’s achievement of a new 52-week high at Rs.2260 marks a significant milestone in its market journey. The stock’s sustained upward momentum, supported by strong technical indicators and a remarkable one-year performance, stands out amid a challenging market backdrop. While the stock experienced some intraday volatility and a slight pullback after six days of gains, its overall trend remains positive, reflecting the company’s resilience within the Media & Entertainment sector.
Investors and market participants will continue to monitor the stock’s price action and sector dynamics as it navigates the evolving market conditions.
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