Eros International Media firmly in the picture

Eros International Media rose 2.36% to Rs 115 at 14:15 IST on BSE after the company said it has acquired the worldwide distribution rights of the highly anticipated comedy film Grand Masti which releases on 13 September 2013.

The announcement was made during trading hours today, 30 August 2013.

Meanwhile, the BSE Sensex was down 86.73 points or 0.47% at 18,314.31.

On BSE, 85,000 shares were traded in the counter as against average daily volume of 69,096 shares in the past one quarter.

The stock gained as much as 4.58% at the day's high of Rs 117.50 so far during the day. The stock lost as much as 0.53% at the day's low of Rs 111.75 so far during the day. The stock had hit a record low of Rs 106.50 on 28 August 2013. The stock had hit a 52-week high of Rs 235.05 on 4 December 2012.

The stock had underperformed the market over the past one month till 29 August 2013, sliding 13.34% compared with the Sensex's 6.08% fall. The scrip had also underperformed the market in past one quarter, declining 31.56% as against Sensex's 8.67% fall.

The small-cap company has equity capital of Rs 91.92 crore. Face value per share is Rs 10.

Eros International Media's consolidated net profit fell 6.6% to Rs 29.34 crore on 27.5% decline in net sales to Rs 186.32 crore in Q1 June 2013 over Q1 June 2012.

An entertainment firm, Eros International Media, operates on a vertically integrated studio model, controlling content as well as distribution and exploitation across multiple formats globally, including cinema, digital, home entertainment and television syndication.

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