NETWORK18 - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 2.3
| Stock Code | NETWORK18 | Market Cap | 6,197 Cr. | Current Price | 40.2 ₹ | High / Low | 65.3 ₹ |
| Book Value | 33.2 ₹ | Dividend Yield | 0.00 % | ROCE | -1.20 % | ROE | -9.29 % |
| Face Value | 5.00 ₹ | DMA 50 | 44.3 ₹ | DMA 200 | 51.3 ₹ | Chg in FII Hold | -0.31 % |
| Chg in DII Hold | -0.07 % | PAT Qtr | -55.8 Cr. | PAT Prev Qtr | -70.1 Cr. | RSI | 32.4 |
| MACD | -0.86 | Volume | 33,09,176 | Avg Vol 1Wk | 27,95,270 | Low price | 39.6 ₹ |
| High price | 65.3 ₹ | Debt to equity | 0.63 | 52w Index | 2.60 % | Qtr Profit Var | 15.8 % |
| EPS | 1.74 ₹ | Industry PE | 40.5 |
📊 Analysis: Network18 is trading at ₹40.2, below both its 50 DMA (₹44.3) and 200 DMA (₹51.3), showing weak technical positioning. RSI at 32.4 indicates oversold conditions, but MACD at -0.86 confirms bearish momentum. Intraday volume (33.1 lakh) is slightly above the weekly average (27.9 lakh), suggesting some trading activity, but fundamentals remain weak with negative ROCE (-1.20%) and ROE (-9.29%). The company continues to post losses, making it a poor candidate for intraday trading except for cautious scalping near support levels.
💰 Optimal Buy Price: Around ₹39.8–₹40.0 (near support zone)
📈 Profit-Taking Exit Levels: ₹42.0–₹43.0 (short-term resistance)
🛑 Stop-Loss Protection: ₹39.0 (below recent low)
⏳ If Already Holding: Consider exiting intraday if price fails to hold above ₹40 or if RSI drops below 32. Exit on any spike toward ₹42–₹43 if volume momentum weakens.
Positive
- ✅ Book value of ₹33.2 provides some fundamental support.
- ✅ Quarterly losses narrowed (-55.8 Cr. vs -70.1 Cr.).
- ✅ Volume above weekly average, showing short-term trading interest.
Limitation
- ⚠️ Negative ROCE (-1.20%) and ROE (-9.29%) reflect poor efficiency.
- ⚠️ No dividend yield, reducing investor appeal.
- ⚠️ Trading below 50 & 200 DMA, confirming bearish technical signals.
- ⚠️ EPS at ₹1.74 is weak compared to industry peers.
Company Negative News
- 📉 Continued quarterly losses despite slight improvement.
- 📉 FII holdings reduced (-0.31%) and DII holdings reduced (-0.07%).
Company Positive News
- 📢 Losses narrowed compared to previous quarter.
- 📢 Trading activity remains strong with volume above average.
Industry
- 🏭 Industry PE at 40.5 vs Network18’s negative earnings, showing underperformance.
- 🏭 Media sector demand remains cyclical, influenced by advertising and consumer trends.
Conclusion
⚖️ Network18 is a weak intraday candidate due to negative profitability, poor efficiency, and bearish technical signals. Best suited only for cautious scalping trades within the ₹39.8–₹43.0 range, with strict stop-loss discipline at ₹39. Avoid aggressive intraday positions until fundamentals and momentum indicators improve.