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Balaji Telefilms declines after recent sharp rally

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fell 2.83% to Rs 147.90 at 14:15 on BSE, with the stock sliding on profit booking after recent rally.

Meanwhile, the S&P Sensex was down 80.06 points, or 0.26% at 31,075.85. The S&P Small-Cap index was up 67.89 points, or 0.44% at 15,654.98.

On the BSE, 1.66 lakh shares were traded on the counter so far as against the average daily volumes of 2.04 lakh shares in the past two weeks. The stock had hit a high of Rs 153.35 and hit a low of Rs 148.20 so far during the day. The stock had hit a 52-week high of Rs 158.75 on 14 June 2017 and a 52-week low of Rs 73.85 on 22 November 2016.

The stock had outperformed the market over the past one month till 14 June 2017, advancing 32.18% compared with the Sensex's 3.21% rise. The scrip had also outperformed the market over the past one quarter advancing 65.52% as against the Sensex's 5.82% rise. The scrip had also outperformed the market over the past one year advancing 34.93% as against the Sensex's 18.03% rise.

The small-cap company has equity capital of Rs 15.19 crore. Face value per share is Rs 2.

had rallied 20.51% in the preceding four trading sessions to settle at Rs 152.20 yesterday, 14 June 2017, from its closing of Rs 126.30 on 8 June 2017.

said that ALTBalaji, the exclusive and original content subscription service offered by the company's subsidiary ALT Digital Media Entertainment, is now available on Fire TV Stick, Amazon's internet streaming device with voice remote recently launched in India. ALTBalaji will be providing a special introductory offer on their yearly subscription packs to Fire Tv users worldwide and will be jointly marketing the service to its audience. The announcement was made at the fag end of the market hours on Tuesday, 13 June 2017.

reported consolidated net profit of Rs 0.31 crore in Q4 March 2017, compared with net loss of Rs 16.01 crore in Q4 March 2016. Net sales rose 13.6% to Rs 94.52 crore in Q4 March 2017 over Q4 March 2016.

is engaged in the production of television content. The company operates through two segments: commissioned programmes and feature films.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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