Entertainment Network (India) drops after weak Q1 result

Entertainment Network (India) fell 3.69% to Rs 700 at 12:02 IST on BSE after consolidated net profit dropped 41.6% to Rs 16.66 crore on 1.1% rise in total income to Rs 115.79 crore in Q1 June 2016 over Q1 June 2015.

The result was announced before market hours today, 4 August 2016.

Meanwhile, the S&P BSE Sensex was up 74.46 points, or 0.27%, to 27,759.80

On BSE, so far 676 shares were traded in the counter, compared with average daily volume of 619 shares in the past one quarter. The stock hit a high of Rs 725 and a low of Rs 700 so far during the day. The stock hit a 52-week high of Rs 792.55 on 31 March 2016. The stock hit a 52-week low of Rs 570 on 25 August 2015. The stock had underperformed the market over the past one month till 3 August 2016, falling 4.03% compared with 2.04% rise in the Sensex. The scrip also underperformed the market in past one quarter, rising 3.88% as against the Sensex's 9.78% rise.

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

Entertainment Network (India) (ENIL) operates FM radio broadcasting stations through the brand Radio Mirchi.

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