HT Media surges after reporting strong Q1 earnings

HT Media jumped 4.69% to Rs 87 at 14:33 IST on BSE after consolidated net profit spurted 85.41% to Rs 41.55 crore on 1.55% decrease in total income to Rs 652.18 crore in Q1 June 2017 over Q1 June 2016.

The result was announced during market hours today, 18 July 2017.

Meanwhile, the S&P BSE Sensex was down 241.11 points, or 0.75% at 31,833.67. The S&P BSE Small-Cap index was down 20.84 points, or 0.13% at 15,889.24.

High volumes were witnessed on the counter. On the BSE, 3.16 lakh shares were traded on the counter so far as against the average daily volumes of 61,580 shares in the past one quarter. The stock had hit a high of Rs 89.20 and a low of Rs 82.90 so far during the day. The stock had hit a 52-week high of Rs 96.30 on 1 November 2016 and a 52-week low of Rs 69.50 on 2 December 2016.

The stock had underperformed the market over the past one month till 17 July 2017, advancing 2.59% compared with the Sensex's 3.28% rise. The scrip had also underperformed the market over the past one quarter sliding 2% as against the Sensex's 9.05% rise. The scrip had also underperformed the market over the past one year advancing 3.49% as against the Sensex's 15.23% rise.

The small-cap company has equity capital of Rs 46.55 crore. Face value per share is Rs 2.

HT Media is engaged in printing and publishing of newspapers. The company's segments include printing & publishing; radio broadcast & entertainment, and digital.

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