Recent Price Movement and Market Context
On 21 November, Network 18 Media’s share price closed at ₹45.01, down by ₹0.58 or 1.27% from the previous session. This decline is part of a broader trend, with the stock having fallen for four consecutive days, resulting in a cumulative loss of 4.07% over this period. The stock’s performance today notably underperformed its sector by 1.15%, signalling investor caution amid prevailing market conditions.
Further compounding concerns, the stock is trading below all key moving averages — including the 5-day, 20-day, 50-day, 100-day, and 200-day averages — indicating a bearish technical outlook. Additionally, investor participation appears to be waning, as evidenced by a sharp 44.36% drop in delivery volume on 20 November compared t...
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