ENIL jumps after good Q3 result

Entertainment Network (India) surged 9.56% to Rs 605 at 11:05 IST on BSE after consolidated net profit rose 26.9% to Rs 32.84 crore on 20.1% rise in total income to Rs 125.11 crore in Q3 December 2014 over Q3 December 2013.

The result was announced after market hours yesterday, 10 February 2015.

Meanwhile, the BSE Sensex was up 97.22 points, or 0.34%, to 28,452.84

On BSE, so far 31,275 shares were traded in the counter, compared with an average volume of 5,676 shares in the past one quarter.

The stock hit a high of Rs 610.70 and a low of Rs 575 so far during the day. The stock had hit a 52-week high of Rs 634.95 on 19 January 2015 and a 52-week low of Rs 332.90 on 18 February 2014.

The stock had outperformed the market over the past one month till 10 February 2015, rising 6.4% compared with 3.27% rise in the Sensex. The scrip also outperformed the market in past one quarter, surging 10.04% as against Sensex's 1.73% rise.

The small-cap radio broadcasting company has an equity capital of Rs 47.67 crore. Face value per share is Rs 10.

Entertainment Network (India) (ENIL) said that the board of directors of the company at its meeting held yesterday, 10 February 2015, approved the constitution of a committee of directors to explore, negotiate and conclude Merger & Acquisition (M&A) opportunities in the FM broadcasting space.

ENIL operates in the radio broadcasting segment, out-of-home media segment and experiential marketing segment.

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