TV Today in spotlight after robust Q3 result

TV Today Network spurted 4.06% to Rs 475.50 at 10:44 IST on BSE after net profit surged 35.75% to Rs 35.73 crore on 22.66% rise in total income to Rs 179.13 crore in Q3 December 2017 over Q3 December 2016.

The result was announced after market hours yesterday, 8 February 2018.

Meanwhile, the S&P BSE Sensex was down 496.65 points or 1.44% at 33,916.51. The S&P BSE Small-Cap index was down 104.77 points or 0.58% at 18,026.42.

On the BSE, 16,000 shares were traded on the counter so far as against the average daily volumes of 30,429 shares in the past one quarter. The stock had hit a high of Rs 493.35 so far during the day, which is a record high. The stock had hit a low of Rs 450 so far during the day. The stock had hit a 52-week low of Rs 211 on 10 August 2017.

The stock had outperformed the market over the past 30 days till 8 February 2018, rising 1.43% compared with 0.06% fall in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 26.06% as against Sensex's 3.3% rise. The scrip had also outperformed the market in past one year, surging 68% as against Sensex's 21.47% rise.

The small-cap company has equity capital of Rs 29.83 crore. Face value per share is Rs 5.

TV Today Network is engaged in news broadcasting operations. The company is a part of India Today group and operates a network of TV news channels.

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