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

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Shares of Sri Adhikari Brothers Television Network Ltd (SABTN) plunged sharply on 26 Feb 2026, hitting the lower circuit limit of 4.62% loss amid intense selling pressure. The stock’s fall significantly outpaced the broader Media & Entertainment sector and the Sensex, reflecting panic selling and unfilled supply that weighed heavily on investor sentiment.
Sri Adhikari Brothers Television Network Ltd Plunges to Lower Circuit Amid Heavy Selling Pressure

Market Performance and Price Action

On the trading day, SABTN’s stock price declined by 4.62%, closing at its lower circuit price limit. This maximum daily loss was notably higher than the sector’s modest decline of 0.66% and contrasted with the Sensex’s slight gain of 0.21%. The stock’s intraday low touched ₹1265, down nearly 4.94% from the previous close, with the weighted average price indicating that most volume traded near this low point. This price action signals strong bearish momentum and a lack of buying interest to absorb the selling pressure.

The stock’s market capitalisation stands at approximately ₹3,390 crores, categorising it as a small-cap entity within the Media & Entertainment sector. Despite this, liquidity remains adequate, with a turnover of ₹2.14 crores and a total traded volume of 16,399 shares on the day. Delivery volume surged to 63,100 shares on 25 Feb 2026, marking a 248.34% increase over the five-day average, underscoring rising investor participation but predominantly on the sell side.

Technical and Trend Analysis

From a technical standpoint, SABTN’s stock price remains above its 200-day moving average, which typically signals long-term support. However, it is trading below its 5-day, 20-day, 50-day, and 100-day moving averages, indicating short- to medium-term weakness. The consecutive two-day decline has resulted in an 8.28% loss over this period, reflecting sustained downward pressure.

Such a pattern suggests that short-term traders and investors are increasingly bearish, possibly reacting to negative news flow or broader sectoral headwinds. The stock’s Mojo Score currently stands at 37.0, with a Mojo Grade of Sell, downgraded from a previous Strong Sell rating on 4 Sep 2025. This downgrade reflects deteriorating fundamentals and technical outlook, signalling caution for investors.

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Investor Sentiment and Selling Pressure

The sharp decline and circuit hit are indicative of panic selling, with investors rushing to exit positions amid uncertainty. The unfilled supply of shares at lower price levels suggests that buyers are scarce, exacerbating the downward momentum. This scenario often triggers stop-loss orders and further selling, creating a feedback loop that drives prices down rapidly.

Such intense selling pressure can be attributed to a combination of factors including disappointing earnings outlook, sectoral challenges, or broader market volatility. While the Media & Entertainment sector has shown resilience in recent months, SABTN’s underperformance relative to peers highlights company-specific concerns that investors are factoring into their decisions.

Comparative Sector and Market Context

Compared to the sector’s 0.66% decline, SABTN’s 4.62% drop is significant, signalling that the stock is underperforming its industry peers. The Sensex’s positive return of 0.21% on the same day further emphasises the stock’s relative weakness. This divergence suggests that SABTN’s challenges are more company-specific rather than reflective of broader market trends.

Investors should also note that the stock’s liquidity, while sufficient for moderate trade sizes, may not be adequate to absorb large block trades without impacting price significantly. This factor can amplify volatility during periods of heavy selling.

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Outlook and Investor Considerations

Given the current technical weakness and negative sentiment, investors should exercise caution with Sri Adhikari Brothers Television Network Ltd. The downgrade in Mojo Grade to Sell reflects concerns over the company’s near-term prospects and market positioning. While the stock remains above its long-term moving average, the short-term trend is decidedly bearish.

Potential investors may want to monitor upcoming corporate announcements, quarterly results, and sector developments before committing capital. Existing shareholders should consider their risk tolerance and the possibility of further downside if selling pressure persists.

On the other hand, the stock’s small-cap status and recent price weakness could present a buying opportunity for value investors with a long-term horizon, provided the company demonstrates a turnaround in fundamentals and market sentiment.

Summary

Sri Adhikari Brothers Television Network Ltd’s stock hitting the lower circuit limit on 26 Feb 2026 highlights significant selling pressure and investor anxiety. The 4.62% daily loss, coupled with unfilled supply and rising delivery volumes, underscores a challenging trading environment. While the stock’s fundamentals have deteriorated as reflected in its Mojo Grade downgrade, investors should weigh the risks carefully against potential long-term rewards.

Market participants are advised to stay informed on sector trends and company-specific news to navigate the volatility effectively.

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