TV18 Broadcast's Stock Performance Continues to Decline, Receives 'Strong Sell' Call from MarketsMOJO

TV18 Broadcast, a midcap company in the TV broadcasting and software industry, has been facing a downward trend in its stock performance. On October 7th, the company's stock lost -5.25%, closing at Rs 40.60. This has led to a 'Strong Sell' call by MarketsMOJO.

The stock is currently trading close to its 52-week low, with a difference of only 3.74%. It has also underperformed the sector by -2.74% in today's trading. This is the third consecutive day of losses for TV18 Broadcast, with a total decline of -10.54% in this period. The stock also touched an intraday low of Rs 40.15, a decrease of -5.13%.

In terms of moving averages, TV18 Broadcast is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages. This indicates a negative trend in the stock's performance.

The TV broadcasting and software sector as a whole has also seen a decline of -2.61%. In comparison, TV18 Broadcast's 1-day performance is -5.41%, while the Sensex's performance is only -0.50%. Similarly, in the past month, TV18 Broadcast's performance has been -18.02%, while the Sensex has seen a slight increase of 0.12%.

Investors should keep a close eye on TV18 Broadcast's stock performance and consider the 'Strong Sell' call by MarketsMOJO before making any investment decisions.