Shemaroo Entertainment gains after launch of d2h Darshan

Shemaroo Entertainment rose 3.74% to Rs 280.30 at 14:49 IST on BSE after the company said it has joined hands with Videocon d2h to launch d2h Darshan - a 24 hour subscription based ad-free devotional service.

The announcement was made during market hours today, 30 November 2015.

Meanwhile, the S&P BSE Sensex was up 85.38 points or 0.33% at 28,213.58.

On BSE, so far 32,000 shares were traded in the counter as against average daily volume of 11,063 shares in the past one quarter.

The stock hit a high of Rs 284.60 and a low of Rs 269.50 so far during the day. The stock had hit a record high of Rs 321.50 on 21 July 2015. The stock had hit a 52-week low of Rs 145.65 on 17 December 2014.

The stock had outperformed the market over the past one month till 27 November 2015, advancing 1.46% compared with Sensex's 4.13% fall. The scrip had, however, underperformed the market in past one quarter, sliding 2.56% as against Sensex's 0.39% fall.

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

Shemaroo Entertainment said that d2h Darshan offers a wide variety of content like temple tourism, jaaps, mantras, kathas, popular bhajans, holy books etc that will serve as an ideal way to connect with spiritual side on a daily basis.

On consolidated basis, Shemaroo Entertainment's net profit rose 30.7% to Rs 11.20 crore on 10.1% growth in net sales to Rs 93.52 crore in Q2 September 2015 over Q2 September 2014.

Shemaroo Entertainment is an established filmed entertainment content house in India, active in content ownership, creation, aggregation and distribution with a large content library of over 3,000 titles.

Powered by Capital Market - Live News