Media companies scrips are back in circulation with most scrips seeing their price surging and volumes picking up in the last couple of trading sessions.
Stocks such as Jain TV, Sri Adhikari Brothers, Pritish Nandy Communication, Tips, Cinevista have gained momentum since Monday and were clocking huge volumes.
Jain Studio led the pack with a gain of around 80 per cent from Rs 38.65 on May 18 to Rs 69.85 today.
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These scrips also clocked huge trading volumes from daily average of 5,000 to 10,000 shares last week to over one lakh shares changing hands every day in the last three trading days.
While Pritish Nandi Communication gained 22 per cent from Rs 38.30 on Friday last to close at Rs 46.80 today, Sri Adhikari Brothers surged 26 per cent in last four trading session from Rs 73 to Rs 92.50.
According to market sources, media stocks are back in action as the markets, tired with the IT sector, are looking for a
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