TV Today Network gains after announcing strong Q2 results

TV Today Network rose 1.27% to Rs 251.95 at 10:40 IST on BSE after net profit rose 84.14% to Rs 24.32 crore on 24.3% rise in net sales to Rs 126.42 crore in Q2 September 2015 over Q2 September 2014.

The result was announced after market hours on Friday, 13 November 2015.

Meanwhile, the BSE Sensex was down 84.66 points, or -0.33%, to 25,525.82.

On BSE, so far 29,493 shares were traded in the counter, compared with an average volume of 90,336 shares in the past one quarter.

The stock hit a high of Rs 259 and a low of Rs 250.65 so far during the day. The stock hit a record high of Rs 297 on 5 October 2015. The stock hit a 52-week low of Rs 165.15 on 12 June 2015.

The stock had underperformed the market over the past one month till 13 November 2015, falling 7.7% compared with 4.6% fall in the Sensex. The scrip had, however, outperformed the market in past one quarter, gaining 16.92% as against Sensex's 7.04% decline.

The mid-cap company has an equity capital of Rs 29.82 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 channel.

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