TV18 Broadcast's Stock Sees 5.16% Increase, Outperforms Sector on June 12

TV18 Broadcast, a midcap company in the TV broadcasting and software industry, saw a 5.16% increase in its stock price on June 12, 2024. This rise was in line with the overall performance of the sector, which gained 3.17% on the same day.

According to MarketsMOJO, a leading stock analysis platform, TV18 Broadcast's stock is currently rated as 'Strong Sell'. However, the company has outperformed the sector by 2.74% and has been on a consecutive gain streak for the past 2 days, with a 6.33% increase in returns during this period.

On June 12, the stock reached an intraday high of Rs 45.75, showing a 6.32% increase from its previous closing price. The stock's moving averages are currently higher than the 5-day, 20-day, and 50-day averages, but lower than the 100-day and 200-day averages.

In comparison to the overall market performance, TV18 Broadcast has shown a strong performance. Its 1-day performance was 6.09%, while the Sensex only saw a 0.45% increase. Similarly, in the past month, TV18 Broadcast's performance was 8.12%, while the Sensex only saw a 5.69% increase.

Overall, TV18 Broadcast has shown a positive trend in its stock performance, with a significant increase on June 12. However, investors should keep in mind the 'Strong Sell' rating given by MarketsMOJO and do their own research before making any investment decisions.