Sri Adhikari Brothers Faces Market Challenges Amid Significant Stock Price Decline

Sri Adhikari Brothers Television Network has faced notable challenges in the market, experiencing a significant decline of 10% in its stock price on January 15, 2025. This drop is particularly concerning as it underperformed the broader sector, which recorded a decrease of 9.99%. Over the past 21 days, the stock has been on a downward trajectory, accumulating a staggering total loss of 62.85%. On the day of the decline, the stock opened at Rs 753.05, reflecting a gap down from previous levels, and reached an intraday low of the same price, indicating a lack of trading range and overall negative market sentiment. From a technical perspective, the stock is currently positioned above its 200-day moving average but falls below the 5-day, 20-day, 50-day, and 100-day moving averages. This suggests a challenging short-term outlook despite a longer-term average that may indicate some resilience. Over the past month, Sri Adhikari Brothers Television Network has seen a decline of 63.59%, in stark contrast to the Sensex, which has only fallen by 6.70%.