In the news today is a Ramesh Damani portfolio pick, the news broadcasting channel TV Today Network. The smallcap firm is a part of the India Today group and operates a network of TV news channels.
For now the stock's share price rise has been beating the markets, but a closer look at TV Today's technicals suggests that the stock may pullback soon. The RSI is at 88.73 (above 80 is considered overbought) and the MFI is at 98.13 (above 80 is considered overbought).
In the latest June quarter, TV Today Network's net profit fell YoY 13.4% to Rs 19.39 crore, and saw a 10.3% growth in net sales to Rs 151.07 crore.