 "TV Today Network, NDTV rally up to 20% on heavy volumes")
Shares in the companies engaged in broadcasting and cable TV business like TV Today Network and New Delhi Television (NDTV) have rallied up to 20% on back of heavy volumes on the bourses.
TV Today Network has surged 20% to Rs 203, also its 52-week high on BSE, on back of five-fold jump in trading volumes. At 1305 hours, a combined 4.26 million shares representing 7.2% of total equity of the company changed hands on BSE and NSE.
So far in August, the stock zoomed 48% from Rs 137 after reported an over two-fold increase in standalone net profit at Rs 32.79 crore for the first quarter ended June 30, 2014, on back of strong operational performance.
NDTV too rallied 13% to Rs 93.95, on back of an over seven-fold surge in trading volumes. The stock opened at Rs 83.35 and touched high of Rs 94.80 on BSE.
A combined 2.4 million shares already changed hands in the counter against an average sub 300,000 shares that were traded daily in past two weeks on BSE and NSE.
Delhi-based news broadcaster NDTV posted a net loss of Rs 1 crore for the first quarter ended June 30 compared with a net loss of Rs 24 crore incurred during the corresponding period of last fiscal.
TV Today Network has surged 20% to Rs 203, also its 52-week high on BSE, on back of five-fold jump in trading volumes. At 1305 hours, a combined 4.26 million shares representing 7.2% of total equity of the company changed hands on BSE and NSE.
So far in August, the stock zoomed 48% from Rs 137 after reported an over two-fold increase in standalone net profit at Rs 32.79 crore for the first quarter ended June 30, 2014, on back of strong operational performance.
NDTV too rallied 13% to Rs 93.95, on back of an over seven-fold surge in trading volumes. The stock opened at Rs 83.35 and touched high of Rs 94.80 on BSE.
A combined 2.4 million shares already changed hands in the counter against an average sub 300,000 shares that were traded daily in past two weeks on BSE and NSE.
Delhi-based news broadcaster NDTV posted a net loss of Rs 1 crore for the first quarter ended June 30 compared with a net loss of Rs 24 crore incurred during the corresponding period of last fiscal.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%