Reliance MediaWorks gains after announcing the terms of rights issue

The announcement was made before market hours today, 15 July 2013.

Meanwhile, the S&P BSE Sensex was down 44.28 points or 0.22% at 19,914.19.

On BSE, 85,000 shares were traded in the counter as against average daily volume of 71,680 shares in the past one quarter.

The stock surged by the maximum permissible level of 5% at the day's high of Rs 63.05 in intraday trade. The stock hit a low of Rs 60.75 so far during the day. The stock had hit a 52-week low of Rs 41.80 on 25 June 2013. The stock had hit a 52-week high of Rs 103.80 on 3 December 2012.

The stock had outperformed the market over the past one month till 12 July 2013, surging 32.27% as compared to the Sensex's 4.82% rise. The stock had also outperformed the market in the past one quarter, jumping 25.5% as compared to the Sensex's 9.41% surge.

The small-cap company has equity capital of Rs 23.06 crore. Face value per share is Rs 5.

Reliance MediaWorks reported consolidated net loss of Rs 219.20 crore in the quarter ended 31 March 2013, higher than net loss of Rs 154.15 crore in the quarter ended 31 March 2012. Net sales declined 18.95% to Rs 140.55 crore in the quarter ended 31 March 2013 over the quarter ended 31 March 2012.

Reliance MediaWorks is a film and entertainment services company.

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