Music Broadcast Shares Sink To Record Low Amid Prolonged Downtrend

Shares of Music Broadcast Ltd, the company behind radio brand Radio City, tumbled to a fresh all-time low of Rs 5.62 on 26 February 2026, extending a prolonged period of underperformance and signaling continued pressure on the stock.

The sharp drop marked the latest chapter in a persistent downtrend, with the stock sliding for multiple sessions and lagging broader equity benchmarks. Over the past week, the share has fallen significantly more than the Sensex, while longer-term performance paints a concerning picture: it has declined sharply over one-month, three-month and year-to-date periods compared with modest gains in the broader market index.

Technical indicators underscore sustained bearish momentum, with the stock trading below all major moving averages, reflecting persistent selling pressure and lack of immediate upside interest.

The company’s fundamentals have also weighed on investor sentiment. Music Broadcast Ltd has reported losses across recent quarters, with shrinking sales and negative profitability metrics highlighting operational challenges. Latest financial data shows consecutive quarterly losses and declining net sales, while key profitability ratios such as return on capital employed remain in negative territory.

Market watchers note that despite stable promoter shareholding and the company’s established presence in the media and entertainment sector, the steep valuation slip and deteriorating earnings have pushed stock risk metrics higher. The share is rated a Strong Sell by some market analysts, reflecting a cautious stance amid weak fundamentals and extended downtrend