TV Today Network slides on profit booking

TV Today Network lost 3.18% to Rs 108 at 13:43 IST on BSE on profit booking after gaining 33.27% in prior three trading sessions.

Meanwhile, the S&P BSE Sensex was down 41.49 points or 0.2% at 20,933.30

On BSE, 48,969 shares were traded in the counter as against average daily volume of 57,004 shares in the past one quarter.

The stock hit a high of Rs 112 and low of Rs 105.10 so far during the day. The stock hit a 52-week high of Rs 115.45 on Tuesday, 5 November 2013. The stock had hit a 52-week low of Rs 53.40 on 30 July 2013.

Shares of TV Today Network gained 33.27% in three trading days to Rs 111.55 on 5 November 2013 from a recent low of Rs 83.70 on 31 October 2013. The stock outperformed the market over the past one month till 5 November 2013, rising 43.94% compared with the Sensex's 5.32% rise. The scrip also outperformed the market in past one quarter, advancing 70.31% as against Sensex's 9.34% rise.

The small-cap news broadcaster has equity capital of Rs 29.73 crore. Face value per share is Rs 5.

TV Today Network reported net profit of Rs 11.98 crore in Q1 June 2013 as compared to net loss of Rs 0.35 crore in Q1 June 2012. Net sales rose 25.9% to Rs 88.85 crore in Q1 June 2013 over Q1 June 2012.

TV Today Network is a media company which runs news and current affairs channels.

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