Shemaroo Entertainment gains after HDFC MF buys shares

Shemaroo Entertainment rose 1.50% to Rs 155.85 at 13:28 IST on BSE after HDFC Mutual Fund acquired 0.64% stake in the company via bulk deal on NSE on Friday, 10 October 2014.

Meanwhile, the BSE Sensex was down 48.49 points, or 0.18%, to 26,248.89.

On BSE, so far 18,000 shares were traded in the counter. The stock hit a high of Rs 158 and a low of Rs 152.75 so far during the day.

Shares of Shemaroo Entertainment were listed on bourses on 1 October 2014. The stock debuted at Rs 180, a premium of 5.88% to the initial public offer (IPO) price of Rs 170. On that day, it settled at Rs 171 on BSE, a premium of 0.58% over the IPO price.

The small-cap company has an equity capital of Rs 27.18 crore. Face value per share is Rs 10.

On Friday, 10 October 2014, HDFC Mutual Fund - Prudence bought 1.75 lakh equity shares of Shemaroo Entertainment at Rs 152.25 each on NSE. Shares were acquired from Ashoka, which sold 1.75 lakh equity shares of Shemaroo Entertainment at Rs 152.02 each on NSE.

On 1 October 2014, HDFC Mutual Fund bought 2.50 lakh shares of Shemaroo Entertainment at Rs 174.60 on BSE and 4.50 lakh shares at Rs 177.04 each on NSE.

Shemaroo Entertainment's consolidated net profit rose 16% to Rs 27.27 crore on 23% growth in net sales to Rs 264.61 crore in FY 2014 over FY 2013.

Shemaroo Entertainment is in the business of aggregation, production and co-production of cinematograph films and dramas and exploiting and distributing rights of films and dramas through various medium such as television licensing, DVD and VCD release; rights of content through new distribution avenues such as Internet protocol television, video on demand, and mobile platform.

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