TV18 Broadcast rallies 9.8% in seven sessions

TV18 Broadcast surged 4.08% to Rs 66.40 at 14:23 IST on BSE, with the stock extending recent rally on strong buying sentiment.

Meanwhile, the S&P BSE Sensex was down 155.41 points or 0.46% at 33,701.37.

On the BSE, 8.79 lakh shares were traded on the counter so far as against the average daily volumes of 12.18 lakh shares in the past one quarter. The stock had hit a high of Rs 66.60 and a low of Rs 63.25 so far during the day. The stock had hit a 52-week high of Rs 66.90 on 16 January 2018 and a 52-week low of Rs 33.15 on 24 May 2017.

The large-cap company has equity capital of Rs 342.87 crore. Face value per share is Rs 2.

Shares of TV18 Broadcast have rallied 9.84% in seven straight trading sessions to its ruling price, from its close of Rs 60.45 on 5 March 2018.

On a consolidated basis, TV18 Broadcast's net profit fell 8.1% to Rs 15.87 crore on 8.5% growth in net sales to Rs 271.13 crore in Q3 December 2017 over Q3 December 2016.

TV18 Broadcast telecasts and produces news and current affairs programmes.

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