Sadhna Broadcast, a microcap company in the TV broadcasting and software industry, has recently reached a new 52-week low, with its stock price hitting Rs. 2.85 on January 1, 2025. This decline marks a significant downturn for the company, which has experienced a 35.32% decrease in its stock value over the past year. In contrast, the Sensex has shown a positive performance of 8.02% during the same period.
Despite the overall decline, Sadhna Broadcast’s stock performance today has outperformed its sector by 1.61%. However, the company is currently trading below its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. The stock has received a ‘Strong Sell’ rating from MarketsMOJO, indicating a bearish outlook. Investors and market watchers will be closely monitoring Sadhna Broadcast’s performance as it navigates these challenging market conditions. MarketsMojo