Opening Session and Price Movement
The stock opened sharply lower at Rs 1494.5, marking a 5.0% decline from its previous close. This gap down opening was accompanied by high volatility throughout the trading day, with the share price fluctuating within a wide range. The intraday high reached Rs 1651.8, representing a 5.0% gain from the opening price, while the intraday low matched the opening level at Rs 1494.5, confirming the initial weakness.
Despite the volatile swings, the stock closed with a day change of -4.20%, underperforming the Sensex, which recorded a modest gain of 0.28% on the same day. This divergence highlights the stock’s relative weakness amid broader market stability.
Recent Performance and Sector Comparison
Over the past month, Sri Adhikari Brothers Television Network Ltd has declined by 13.47%, significantly underperforming the Sensex’s 5.61% fall during the same period. The stock’s seven-day consecutive decline has resulted in a cumulative loss of 29.36%, signalling sustained selling pressure. Compared to its Media & Entertainment sector peers, the stock underperformed by 3.08% on the day, reflecting sector-specific headwinds or company-specific factors weighing on investor sentiment.
Technical Indicators and Market Sentiment
Technical analysis presents a mixed picture. The stock trades above its 100-day and 200-day moving averages, suggesting some longer-term support. However, it remains below its 5-day, 20-day, and 50-day moving averages, indicating short- to medium-term weakness. The intraday volatility of 8.22% underscores the stock’s high beta nature, with an adjusted beta of 1.35, meaning it tends to move more sharply than the broader market.
Weekly and monthly MACD indicators remain bullish, while the Relative Strength Index (RSI) shows no clear signal on both weekly and monthly timeframes. Bollinger Bands suggest mild bullishness, but the KST indicator is mildly bearish on a monthly basis, contrasting with a weekly bullish stance. Dow Theory assessments are mildly bearish weekly but bullish monthly, reflecting uncertainty in trend direction. On-balance volume (OBV) shows no clear trend, indicating a lack of decisive buying or selling pressure from volume.
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Market Capitalisation and Mojo Ratings
The company holds a market cap grade of 3, indicating a small-cap status within the Media & Entertainment sector. Its Mojo Score currently stands at 37.0, with a Mojo Grade of Sell, reflecting a downgrade from a previous Strong Sell rating as of 4 Sep 2025. This adjustment suggests a slight improvement in outlook, though the overall sentiment remains cautious.
The downgrade and current rating align with the stock’s recent price performance and volatility, signalling persistent concerns among market participants. The stock’s high beta further amplifies its sensitivity to market movements, contributing to the pronounced price swings observed today.
Intraday Trading Dynamics
Trading activity today was marked by panic selling in the initial moments following the gap down open, as investors reacted to overnight developments and the stock’s extended losing streak. However, the intraday high of Rs 1651.8 indicates some recovery attempts, with buyers stepping in to capitalise on lower prices. Despite these efforts, the stock was unable to sustain gains and closed near its lows, reflecting ongoing caution.
The high volatility and wide intraday range suggest that market participants remain uncertain about the stock’s near-term direction, with both selling pressure and bargain hunting influencing price action.
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Summary of Market Concerns
The gap down opening and continued price weakness in Sri Adhikari Brothers Television Network Ltd reflect a combination of factors including recent negative returns, sector underperformance, and a cautious market mood. The downgrade in Mojo Grade to Sell, despite a slight improvement from Strong Sell, underscores persistent reservations about the stock’s near-term prospects.
While technical indicators offer some mixed signals, the prevailing trend remains downward in the short term, with high volatility contributing to uncertain trading conditions. The stock’s high beta amplifies its sensitivity to market fluctuations, which may continue to drive sharp price movements in either direction.
Investors monitoring the stock should note the ongoing volatility and the stock’s relative underperformance compared to the broader market and sector peers. The intraday recovery attempts suggest some buying interest at lower levels, but the inability to sustain gains points to prevailing caution.
Conclusion
Sri Adhikari Brothers Television Network Ltd’s significant gap down opening on 2 Feb 2026 highlights the challenges faced by the stock amid a weak market environment and sector pressures. The day’s trading was characterised by high volatility, a continuation of recent losses, and mixed technical signals. While some recovery was seen intraday, the stock closed near its lows, reflecting ongoing market concerns and cautious sentiment.
Overall, the stock remains under pressure with a Mojo Grade of Sell and a recent downgrade from Strong Sell, signalling that market participants continue to weigh risks carefully. The high beta nature of the stock suggests that it will remain sensitive to broader market movements and sector developments in the near term.
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