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NDTV slides on profit taking

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Television dropped 3.34% to Rs 71 at 12:49 on BSE, with the stock sliding on profit taking after Monday's rally triggered by the company reporting strong quarterly numbers.

Meanwhile, the S&P Sensex was up 135.68 points or 0.45% at 30,457.80. The Small-Cap index was up 55.77 points or 0.36% at 15,706.14.

On the BSE, 46,000 shares were traded on the counter so far as against the average daily volumes of 23,127 shares in the past one quarter. The stock had hit a high of Rs 74.50 and a low of Rs 70.50 so far during the day.

The stock had hit a 52-week high of Rs 101.50 on 18 May 2016 and a 52-week low of Rs 60 on 4 May 2017. It had underperformed the market over the past one month till 15 May 2017, advancing 2.3% compared with the Sensex's 2.92% rise. The scrip had also underperformed the market over the past one quarter, gaining 0.07% as against the Sensex's 7.69% rise.

The small-cap company has equity capital of Rs 25.79 crore. Face value per share is Rs 4.

Shares of Television (NDTV) had surged 8.17% in a single trading session to settle at Rs 73.45 yesterday, 15 May 2017, after the company reported strong Q4 March 2017 earnings after market hours on Friday, 12 May 2017.

The company reported consolidated net profit of Rs 5.28 crore in Q4 March 2017, as against net loss of Rs 0.77 crore in Q4 March 2016. Net sales declined 9.1% to Rs 154.35 crore in Q4 March 2017 over Q4 March 2016.

On consolidated basis, reported net loss of Rs 68.79 crore in the year ended March 2017 (FY 2017) as against net loss of Rs 54.82 crore in the year ended March 2016 (FY 2016). Net sales declined 7.6% to Rs 522.67 crore in FY 2017 over FY 2016.

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

First Published: Tue, May 16 2017. 12:56 IST