HT Media gains after block deal

Meanwhile, the S&P BSE Sensex was down 60 points, or 0.31%, to 19,265.87.

On BSE, 5.10 lakh shares were traded in the counter as against an average daily volume of 46,819 shares in the past one quarter.

The stock hit a high of Rs 103 and a low of Rs 98 so far during the day. The stock had hit a 52-week high of Rs 123.70 on 10 May 2013. The stock had hit a 52-week low of Rs 82 on 31 July 2012.

The stock had outperformed the market over the past one month till 17 June 2013, falling 0.15% compared with the Sensex's 4.73% fall. The scrip had, however, underperformed the market in past one quarter, sliding 3.76% as against Sensex's 0.52% fall.

The small-cap company has an equity capital of Rs 47 crore. Face value per share is Rs 2.

On a consolidated basis, HT Media's net profit rose 82.3% to Rs 40.08 crore on 1.1% increase in net sales to Rs 491.54 crore in Q4 March 2013 over Q4 March 2012.

HT Media is one of India's foremost media companies, and home to three leading newspapers in the country in the English, Hindi and Business news segments - 'Hindustan Times' (English daily), 'Hindustan' (Hindi daily, through a subsidiary) and 'Mint' (business daily). The company also has four FM radio stations - Fever 104 FM in Delhi, Mumbai, Bengaluru and Kolkata. The company has also made a foray into the Internet space through its subsidiary Firefly e-Ventures and has launched successful portals.

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