Sri Adhikari Brothers Television Network Ltd Hits Upper Circuit Amid Robust Buying Pressure

Strong Intraday Momentum Drives Stock to New 52-Week High

On Thursday, SABTN’s shares opened sharply higher at Rs 1,856, representing a 2.98% gap up from the previous close. The stock maintained its upward trajectory throughout the day, touching an intraday high of Rs 1,857.7 — a fresh 52-week peak. This price movement corresponds to the maximum permissible daily price band of 5%, reflecting intense demand that overwhelmed available supply.

The total traded volume for the day stood at 16,716 shares (0.16716 lakh), generating a turnover of approximately ₹3.07 crore. While the volume was moderate, the price action was decisive, with the stock closing near its high at Rs 1,856. This upper circuit hit indicates that the stock was unable to trade above Rs 1,857.7 due to regulatory price band restrictions, underscoring the strength of buying interest.

Outperformance Against Sector and Market Benchmarks

SABTN outperformed the Media & Entertainment sector, which gained 1.2% on the day, and the Sensex, which declined by 0.43%. Over the past three trading sessions, the stock has delivered a cumulative return of 10.69%, signalling sustained momentum. The stock is currently trading above all key moving averages — 5-day, 20-day, 50-day, 100-day, and 200-day — reinforcing its bullish technical stance.

Despite this rally, delivery volumes have seen a slight dip, with 2,980 shares delivered on 7 January, down 11.47% from the five-day average. This suggests that while short-term traders are active, longer-term investor participation remains cautious.

Regulatory Freeze Highlights Unfilled Demand

The upper circuit trigger has resulted in a regulatory freeze on the stock, temporarily halting further price advances. This freeze is a mechanism designed to prevent excessive volatility and ensure orderly trading. The fact that SABTN hit this limit indicates a significant imbalance between buy and sell orders, with demand far outstripping supply.

Such unfilled demand often signals strong investor conviction, particularly in a small-cap stock with a market capitalisation of ₹4,669 crore. The stock’s liquidity, measured at around 2% of its five-day average traded value, supports trade sizes of approximately ₹0.16 crore, making it accessible for active traders and institutional participants alike.

Mojo Score and Rating Update

Despite the recent price surge, SABTN’s mojo score remains modest at 44.0, with a mojo grade of Sell as of 4 September 2025. This represents an improvement from a previous Strong Sell rating, reflecting some positive developments in the company’s fundamentals or market sentiment. However, the current rating advises caution, suggesting that the stock may still face headwinds or valuation concerns.

Investors should weigh the technical strength against the fundamental outlook and sector dynamics before making investment decisions. The Media & Entertainment sector continues to evolve rapidly, with digital content consumption and advertising trends influencing company performances.

Valuation and Market Context

SABTN’s market capitalisation places it firmly in the small-cap category, which often entails higher volatility but also greater growth potential. The stock’s recent outperformance relative to the sector and benchmark indices highlights its appeal as a momentum play. However, the falling delivery volumes and regulatory freeze suggest that some investors may be booking profits or exercising caution amid the sharp price rise.

Analysts and market participants will be closely monitoring upcoming quarterly results and sector developments to assess whether the current rally is sustainable or driven primarily by short-term speculative interest.

Outlook and Investor Considerations

For investors tracking SABTN, the recent upper circuit hit is a clear indication of strong short-term buying interest. The stock’s technical indicators are bullish, supported by a series of gains over the past three sessions and a breakout above key moving averages. However, the regulatory freeze and modest delivery volumes suggest that the rally may be driven more by momentum traders than by sustained institutional accumulation.

Given the mojo grade of Sell, investors should remain vigilant and consider the broader sector outlook, company fundamentals, and valuation metrics before committing fresh capital. The Media & Entertainment sector is subject to rapid shifts in consumer preferences and advertising spends, which can impact earnings visibility.

In summary, while Sri Adhikari Brothers Television Network Ltd’s upper circuit hit signals a strong technical breakout and renewed market interest, a balanced approach is advisable. Monitoring volume trends, regulatory developments, and quarterly performance will be key to assessing the sustainability of this rally.

Summary of Key Metrics:

• Stock Code: 469703


• Industry & Sector: Media & Entertainment


• Market Capitalisation: ₹4,669 crore (Small Cap)


• Mojo Score: 44.0 (Sell, upgraded from Strong Sell on 4 Sep 2025)


• Day’s Price Change: +4.9% (Upper circuit hit at Rs 1,857.7)


• Volume Traded: 16,716 shares (0.16716 lakh)


• Turnover: ₹3.07 crore


• 3-Day Return: +10.69%


• Sector 1-Day Return: +1.2%


• Sensex 1-Day Return: -0.43%

Investors should continue to analyse SABTN’s price action in conjunction with fundamental updates and sector trends to make informed decisions in this dynamic market environment.

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