NDTV gallops 30% in 2 days after turnaround in Q4 numbers

Meanwhile, the S&P BSE Sensex was up 37.24 points or 0.19% at 20,119.86.

The stock surged on high volumes. On BSE, 2.97 lakh shares were traded in the counter as against average daily volume of 30,924 shares in the past one quarter.

The stock hit a high of Rs 98.45 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 85.95 so far during the day. The stock had hit a 52-week low of Rs 38.55 on 11 May 2012.

The stock had outperformed the market over the past one month till 10 May 2013, galloping 49.54% compared with the Sensex's 9.06% rally. The scrip had also outperformed the market in past one quarter, jumping 29.7% as against Sensex's 3.07% rise.

The small-cap television broadcaster has equity capital of Rs 25.79 crore. Face value per share is Rs 4.

Shares of New Delhi Television (NDTV) have rallied 30% in two trading sessions from Rs 75.15 on 9 May 2013, after the company after market hours on 9 May reported turnaround Q4 results. The stock had galloped 19.69% to settle at Rs 89.95 on Friday, 10 May 2013.

NDTV reported consolidated net profit of Rs 27.81 crore in Q4 March 2013, as against net loss of Rs 41.33 crore in Q4 March 2012. Consolidated revenue jumped 37.06% Rs 196 crore in Q4 March 2013 over Q4 March 2012. Operating profit galloped 425% to Rs 42 crore in Q4 March 2013 over Q4 March 2012.

NDTV reported consolidated net profit of Rs 1.91 crore in the year ended 31 March 2013 (FY 2013), as against net loss of Rs 87.38 crore in the year ended 31 March 2012 (FY 2012). Net sales rose 6.9% to Rs 506.64 crore in FY 2013 over FY 2012.

NDTV is news broadcaster, with three news channels--NDTV 24x7 (English), NDTV India (Hindi) and NDTV Profit (business). The company also broadcasts NDTV Good Times, an up-market lifestyle channel. It also broadcasts Astro Awani, a channel in Malaysia and Independent Television with Beximco Group in Bangladesh.

Powered by Capital Market - Live News