Eros International Media firmly in the picture

Eros International Media rose 2.76% to Rs 135.85 at 13:13 IST on BSE after the company's parent firm Eros International Plc announced the filing of updated form F-1 in the United States for proposed initial public offering.

The announcement was made after market hours on Tuesday, 10 September 2013.

Meanwhile, the BSE Sensex was down 165.32 points or 0.83% at 19,831.77.

On BSE, 74,000 shares were traded in the counter as against average daily volume of 78,575 shares in the past one quarter.

The stock hit a high of Rs 139.40 and a low of Rs 135 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 outperformed the market over the past one month till 10 September 2013, surging 10.44% compared with the Sensex's 6.43% rise. The scrip had, however, underperformed the market in past one quarter, declining 16.59% as against Sensex's 2.86% rise.

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

Eros International Media said that its parent company, Eros International Plc has announced that it has filed an updated registration statement on Form F-1 with the United States Securities and Exchange Commission relating to a proposed initial public offering (IPO) of its A Ordinary shares. The number of shares to be offered and the price range for the offering have not yet been determined.

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.

Powered by Capital Market - Live News