Entertainment Network (India), a microcap in the Media & Entertainment sector, has seen its stock price rise slightly to 146.20 amid significant volatility over the past year. The company has struggled against the Sensex, with notable declines in performance across various time frames, reflecting ongoing market challenges.
Entertainment Network (India), a microcap player in the Media & Entertainment sector, has recently undergone an evaluation revision reflecting its current market dynamics. The stock is currently priced at 146.20, showing a slight increase from the previous close of 145.30. Over the past year, the stock has experienced significant volatility, with a 52-week high of 220.00 and a low of 120.10.
The technical summary indicates a mixed performance across various indicators. The MACD shows a mildly bearish trend on a weekly basis, while the monthly outlook remains bearish. The Relative Strength Index (RSI) currently presents no signals for both weekly and monthly assessments. Bollinger Bands and KST also reflect bearish tendencies, although daily moving averages suggest a mildly bullish stance.
In terms of performance, the company has faced challenges compared to the Sensex. Over the past week, the stock returned -1.22%, while the Sensex gained 1.76%. The one-month return stands at -10.85% against a 1.52% increase in the Sensex. Year-to-date, the stock has declined by 18.07%, contrasting sharply with the Sensex’s 7.44% rise. Over longer periods, the disparity continues, with the stock down 28.67% over the past year, while the Sensex has risen by 3.64%. This evaluation adjustment highlights the ongoing challenges faced by Entertainment Network (India) in a competitive market landscape.