Shemaroo Entertainment jumps after Q1 results

Shemaroo Entertainment surged 4.34% to Rs 358.55 at 9:28 IST on BSE after net profit rose 0.8% to Rs 16.85 crore on 7.6% rise in net sales to Rs 102.34 crore in Q1 June 2017 over Q1 June 2016.

The result was announced after market hours yesterday, 12 September 2017.

Meanwhile, the S&P BSE Sensex was up 18.50 points or 0.06% at 32,177.16. The S&P BSE Small-Cap index rose 64.27 points or 0.39% at 16,682.11.

On the BSE, 562 shares were traded on the counter so far as against the average daily volumes of 2,044 shares in the past one quarter. The stock had hit a high of Rs 385 and a low of Rs 353.45 qso far during the day. The stock had hit a record high of Rs 439.45 on 23 January 2017 and a 52-week low of Rs 294 on 29 September 2016.

The stock had underperformed the market over the past one month till 12 September 2017, sliding 6.35% compared with the Sensex's 3.03% rise. The stock had also underperformed the market over the past one quarter, declining 4.55% as against the Sensex's 3.42% rise. The scrip had also underperformed the market over the past one year, advancing 2.8% as against the Sensex's 13.42% 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 of over 3,400 titles. 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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