TV18 Broadcast Stock Drops by 5% in Line with Sector Performance on March 12, 2024

Mar 12 2024 11:50 AM IST
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TV18 Broadcast, a midcap company in the TV broadcasting and software industry, experienced a -5.0% decline in its stock on March 12, 2024, in line with the sector's overall performance. According to MarketsMojo, the current stock call for TV18 Broadcast is 'Sell' and it has underperformed the sector by -2.93%. The stock has been on a downward trend for the past two days, with a total loss of -8.9%. It is currently higher than its 200 day moving average, but lower than its 5, 20, 50, and 100 day moving averages, indicating a mixed trend in the short term. In comparison to the Sensex, the stock has not performed well, with a -5.00% decline on the same day and a -17.11% underperformance in the past month. Investors and experts are advised to closely monitor the stock's performance in the coming days.

TV18 Broadcast, a midcap company in the TV broadcasting and software industry, saw a decline of -5.0% in its stock on March 12, 2024. This drop was in line with the overall performance of the sector, which fell by -2.5%. The stock has been on a downward trend for the past two days, with a total loss of -8.9% during this period.

According to MarketsMOJO, a leading stock analysis platform, the current stock call for TV18 Broadcast is 'Sell'. The stock has also underperformed the sector by -2.93% on the same day. The day's low for the stock was Rs 48.11, representing a -5% decrease from its previous closing price.

In terms of moving averages, TV18 Broadcast's stock is currently higher than its 200 day moving average, but lower than its 5 day, 20 day, 50 day, and 100 day moving averages. This indicates a mixed trend for the stock in the short term.

Compared to the overall market performance, TV18 Broadcast's stock has not fared well. On the same day, the Sensex, India's benchmark index, saw a positive performance of 0.19%, while TV18 Broadcast's stock declined by -5.00%. In the past month, the stock has also underperformed the Sensex by -17.11% with a return of -3.62%.

Investors and experts are advised to closely monitor the performance of TV18 Broadcast in the coming days to make informed decisions about their investments.
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