Shemaroo scales record high on foreign fund buying

Shemaroo Entertainment advanced 1.92% to Rs 244.40 at 14:03 IST on BSE after a foreign fund bought 7.10 lakh shares or 2.61% stake in the company yesterday, 21 January 2015.

Meanwhile, the S&P BSE Sensex was up 45.46 points or 0.16% at 28,934.32

On BSE, so far 2.86 lakh shares were traded in the counter as against average daily volume of 51,393 shares in the past one quarter.

The stock hit an intraday high of Rs 274.95 so far during the day, also a record high for the stock. The stock hit a low of Rs 240.55 so far during the day. The stock had hit a record low of Rs 145 on 17 October 2014.

The stock had outperformed the market over the past one month till 21 January 2015, advancing 50.49% compared with the Sensex's 5.54% rise. The scrip had also outperformed the market in past one quarter, rising 49.78% as against Sensex's 8.7% rise.

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

Copthall Mauritius Investment bought 2.43 lakh shares at an average price of Rs 230.38 per share in a bulk deal on the BSE yesterday, 21 January 2015. J P M S L A/C Copthall Mauritius Investment also bought 4.67 lakh shares at an average price of Rs 231.57 per share in a bulk deal on the NSE yesterday, 21 January 2015.

Shemaroo Entertainment's consolidated net profit rose 0.7% to Rs 10.02 crore on 1.6% rise in total income to Rs 87.66 crore in Q3 December 2014 over Q3 December 2013.

Shemaroo Entertainment is an established media content house in the country, active in Content Acquisition, Value Addition to Content and Content Distribution with a large content library of over 2900 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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