Shemaroo Entertainment in action after posting decent Q2 results

Shemaroo Entertainment gained 2.73% to Rs 409.70 at 11:00 IST on BSE after the company's consolidated net profit rose 24.15% to Rs 18.71 crore on 18.19% rise in total income to Rs 134.57 crore in Q2 September 2017 over Q2 September 2016.

The announcement was made before market hours today, 14 December 2017.

Meanwhile, the S&P BSE Sensex was down 88.14 points or 0.27% at 32,964.90. The S&P BSE Small-Cap index fell 131.47 points or 0.73% at 17,850.38, underperforming the Sensex.

On the BSE, 3,495 shares were traded on the counter so far as against the average daily volumes of 3,578 shares in the past one quarter. The stock had hit a high of Rs 415 and a low of Rs 406.05 so far during the day. The stock had hit a record high of Rs 450 on 29 November 2017 and a 52-week low of Rs 316.55 on 29 May 2017.

The stock had outperformed the market over the past one month till 13 December 2017, gaining 3.25% compared with 0.06% gains in the Sensex. The scrip had also outperformed the market in past one quarter, rising 9.13% as against Sensex's 2.69% rise. The scrip had, however, underperformed the market in past one year, gaining 1.86% as against Sensex's 23.8% rise.

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

Shemaroo Entertainment is an established filmed entertainment 'content house' in the country, active in content ownership, creation, aggregation and distribution with a large content library. Shemaroo is engaged in the distribution of content for satellite channels, physical formats and emerging digital technologies like the mobile, internet, broadband, IPTV and DTH among others.

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