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UTV Software slips on drop in net
BS Reporter / Mumbai Oct 29, 2009, 15:54 IST

The stock managed to recover and touch a high of Rs 423 - up 4.5% from the day's low. It finally ended with a marginal loss of 1.3% at Rs 415. Around 3,520 shares changed hands on the BSE today.
__________________________________________________
(Updated at 1008 hrs)

UTV Software slips on the back of a fall in the Q2 net profit.

The stock opened at Rs 412 and slipped into the red to touch a low of Rs 405. The scrip is now trading at Rs 410, down 2% from the previous close. The counter has clocked volumes of 1,054 shares on the BSE.

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Media and entertainment firm UTV Software Communications registered a decline of 68.42% in its consolidated net profit at Rs 10.35 crore for the quarter ended September 30 over the same period last year.

Total revenue however rose to Rs 237.67 crore, up 39.11% from Rs 170.85 crore last year.

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