Hindustan Media Ventures gains after bulk deal

Hindustan Media Ventures advanced 3.45% to Rs 225 at 15:09 IST on BSE after a bulk deal of 3 lakh shares was executed on the counter at Rs 219.50 per share at 10:05 IST on BSE today, 21 September 2015.

Meanwhile, the S&P BSE Sensex was down 17.08 points or 0.07% at 26,201.83

On BSE, so far 3.02 lakh shares were traded in the counter as against average daily volume of 4,062 shares in the past one quarter.

The stock hit a high of Rs 225 and low of Rs 217 so far during the day. The stock had hit a 52-week low of Rs 152 on 26 September 2014. The stock had hit a record high of Rs 261 on 28 July 2015.

The stock had underperformed the market over the past one month till 18 September 2015, falling 7.88% compared with 5.09% fall in the Sensex. The scrip, however, outperformed the market in past one quarter, rising 5.58% as against Sensex's 3.31% decline.

The company has equity capital of Rs 73.39 crore. Face value per share is Rs 10.

Hindustan Media Ventures' net profit rose 23.1% to Rs 41.71 crore on 5.7% growth in total income to Rs 235.39 crore in Q1 June 2015 over Q1 June 2014.

Hindustan Media Ventures has 4 editions and 113 sub editions across the Hindi belt.

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