Entertainment Network (India) spurts to 52-week high after strong Q3 numbers

Entertainment Network (India) jumped 5.8% to Rs 362.80 at 11:07 IST on BSE after consolidated net profit surged 37.7% to Rs 25.88 crore on 12.8% growth in net sales to Rs 98.21 crore in Q3 December 2013 over Q3 December 2012.

The Q3 result was announced after market hours on Monday, 10 February 2014.

Meanwhile, the S&P BSE Sensex was up 85.68 points or 0.42% at 20,419.95.

On BSE, so far 21,000 shares were traded in the counter as against average daily volume of 6,450 shares in the past one quarter.

The stock hit a high of Rs 366.65 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 353 so far during the day. The stock had hit a 52-week low of Rs 198.10 on 5 August 2013.

The stock had outperformed the market over the past one month till 10 February 2014, advancing 1.45% compared with the Sensex's 2.04% fall. The scrip had also outperformed the market in past one quarter, jumping 6.23% as against Sensex's 1.61% fall.

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

Entertainment Network (India) operates in the radio broadcasting segment, out-of-home media segment and experiential marketing segment.

Powered by Capital Market - Live News