DEN Networks gains post block deal

The stock gained post a block deal of 400,000 shares on the BSE

Shares of DEN Networks were up over 3% at Rs 157 after a block deal on the Bombay Stock Exchange in early trades today.

A block deal of 400,000 shares was recorded on the Bombay Stock Exchange at a price of Rs 153.05 per equity share.

The stock opened at Rs 153.45 on the Bombay Stock Exchange and touched an intra-day high of Rs 160 so far.

Over 491,000 shares were traded on the Bombay Stock Exchange against a 2-week average of just 68,000 shares. On the National Stock Exchange over 295,000 shares were traded so far.

DEN Networks is a leading TV distribution company with a pan-India presence reaching an estimated 13 million households across 200 cities in 13 states of the country.