Sri Adhikari Brothers Television Network Ltd Hits Upper Circuit Amid Strong Buying Momentum

Intraday Price Action and Volume Dynamics

The stock opened with a gap down of 2.85%, trading at ₹2020, but quickly reversed course to touch an intraday high of ₹2183.2, representing a 5% rise from the previous close. The last traded price (LTP) settled at ₹2169.9, just 3.13% shy of its 52-week high of ₹2247. This strong rebound was accompanied by a total traded volume of 0.15624 lakh shares, generating a turnover of ₹3.30 crore.

Interestingly, the weighted average price indicated that a significant portion of the volume was transacted closer to the day’s low, suggesting initial selling pressure that was overwhelmed by aggressive buying later in the session. This pattern underscores a classic accumulation phase where investors capitalise on early weakness to build positions.

Technical and Moving Average Indicators

SABTN is currently trading above all key moving averages — 5-day, 20-day, 50-day, 100-day, and 200-day — signalling a strong bullish trend across multiple timeframes. This technical strength is further validated by the stock outperforming the TV Broadcasting & Software sector, which itself gained 2.58% on the day. The stock’s 1-day return of 4.32% notably outpaced the sector’s 2.52% and the Sensex’s 0.96% gains, highlighting its relative strength in a positive market environment.

Investor Participation and Liquidity Considerations

Investor interest in SABTN has been on the rise, with delivery volumes on 21 Jan increasing by 6.1% compared to the 5-day average, reaching 5.61 thousand shares. This uptick in delivery volume indicates genuine buying rather than speculative intraday trading. The stock’s liquidity profile remains adequate for institutional and retail investors alike, with the ability to handle trade sizes up to ₹0.2 crore based on 2% of the 5-day average traded value.

Regulatory Freeze and Unfilled Demand

The stock’s upper circuit hit triggered an automatic regulatory freeze, halting further trades to curb excessive volatility. This freeze reflects the maximum permissible daily price band of 5%, which SABTN reached with its intraday high of ₹2183.2. The freeze also indicates a significant unfilled demand, as buy orders continued to accumulate beyond the circuit limit, unable to be executed at higher prices.

Such a scenario often points to strong market sentiment and potential for further upside once the freeze is lifted, provided the broader market conditions remain favourable. However, investors should remain cautious of possible profit-booking or volatility spikes in subsequent sessions.

Fundamental and Market Context

Sri Adhikari Brothers Television Network Ltd operates within the Media & Entertainment industry, classified under the TV Broadcasting & Software sector. With a market capitalisation of ₹5,277 crore, it is categorised as a small-cap stock. Despite its relatively modest size, the company has demonstrated resilience and growth potential, as reflected in its recent price action and technical indicators.

The company’s Mojo Score currently stands at 44.0, with a Mojo Grade of Sell, upgraded from a previous Strong Sell rating on 4 Sep 2025. This upgrade suggests some improvement in underlying fundamentals or market perception, though the rating still advises caution. The Market Cap Grade is 3, indicating a mid-range valuation relative to peers.

Comparative Performance and Outlook

While SABTN outperformed its sector and the Sensex on 22 Jan, investors should weigh this against the broader market context and the company’s fundamental metrics. The stock’s proximity to its 52-week high signals strong momentum but also raises questions about near-term resistance levels. The recent upgrade in Mojo Grade may attract renewed interest, but the Sell rating underscores the need for careful analysis before initiating fresh positions.

Investor Takeaway

The upper circuit hit by Sri Adhikari Brothers Television Network Ltd on 22 Jan 2026 highlights a day of strong buying interest and positive momentum. The stock’s ability to recover from an opening gap down and close near its intraday high demonstrates robust demand and technical strength. However, the regulatory freeze and unfilled buy orders suggest that investors should monitor the stock closely for follow-through in coming sessions.

Given the current Sell Mojo Grade and the small-cap nature of the company, investors are advised to balance the technical optimism with fundamental caution. Those considering exposure to SABTN should also explore alternative opportunities within the Media & Entertainment sector and beyond, as identified by market analysts.

Overall, the stock’s performance today is a noteworthy development in its trading narrative, signalling potential for further gains if supported by sustained investor interest and positive sector trends.

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