The stock's opening price jump to Rs 1130.15 marked an intraday high that maintained the 5.0% gain throughout the session. This performance outpaced the broader Sensex, which recorded a modest 0.45% increase on the same day, and also exceeded the Media & Entertainment sector's average movement by 5.12%. The sustained momentum reflects a continuation of the stock's recent upward trajectory.
Over the past ten trading days, Sri Adhikari Brothers Television Network has exhibited a consistent upward trend, delivering a cumulative return of 47.35%. This streak of consecutive gains underscores a period of robust price appreciation, significantly outperforming the Sensex's one-month return of 1.31% and the stock's own one-month gain of 32.26%.
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From a technical perspective, Sri Adhikari Brothers Television Network is trading above its key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This positioning typically indicates a bullish trend in the short to long term. The stock's beta of 1.35 suggests it is a high beta stock, implying greater volatility relative to the market, which can result in larger price swings both upwards and downwards.
Examining technical indicators, the daily moving averages signal a bullish stance, while weekly and monthly indicators present a mixed picture. The MACD on both weekly and monthly charts shows a mildly bearish tone, whereas the Bollinger Bands reflect bullish momentum for the same periods. The Relative Strength Index (RSI) is bearish on a weekly basis but neutral monthly, indicating some short-term caution amid longer-term stability. The KST indicator aligns with the MACD, showing mild bearishness weekly and monthly, while the Dow Theory suggests a mildly bullish weekly outlook contrasted by a mildly bearish monthly view. On-balance volume (OBV) is bullish weekly but shows no clear trend monthly, suggesting volume patterns support recent price gains in the short term.
The gap up opening on 19 Nov 2025 appears to be triggered by a revision in the stock's evaluation, reflecting a shift in market perception. The stock's market capitalisation grade remains at 3, consistent with its classification within the small-cap segment of the Media & Entertainment industry. This gap up has not only extended the stock's recent gains but also reinforced its position relative to sector peers and the broader market indices.
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Despite the strong opening and sustained intraday gains, the potential for a gap fill remains a consideration for market participants. Gap fills occur when a stock's price retraces to the previous day's closing level after an initial jump. However, Sri Adhikari Brothers Television Network's current trading above all major moving averages and the continuation of its ten-day gain streak suggest that the momentum may hold in the near term.
Comparatively, the stock's one-day performance of 5.00% significantly outperforms the Sensex's 0.45%, highlighting its relative strength on the day. Over the past month, the stock's 32.26% gain also surpasses the Sensex's 1.31%, indicating a sustained period of outperformance. These figures provide context for the gap up, suggesting that the move is part of a broader trend rather than an isolated event.
In summary, Sri Adhikari Brothers Television Network's gap up opening on 19 Nov 2025 reflects a positive market response amid a strong upward trend. The stock's technical indicators present a nuanced picture with short-term bullish signals tempered by some caution on weekly and monthly charts. The high beta nature of the stock indicates that investors should expect volatility, which is consistent with the observed price movements. The gap up has extended the stock's recent gains and outperformance relative to the Sensex and sector benchmarks, reinforcing its current market position within the Media & Entertainment industry.
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