NDTV rallies 20%, hits over 5-year high; stock zooms 45% thus far in Dec

The stock was trading at its highest level since April 2016.

Shares of New Delhi Television (NDTV) were locked in the 20 per cent upper circuit, hitting an over five-year high of Rs 111.30 on the BSE in Monday's intra-day trade, in an otherwise weak market. Thus far in the month of December (nine trading days), the stock of the broadcasting & cable TV operator has zoomed 45 per cent after the company signed a Rs 750-crore deal with Taboola for 10 years. It was trading at highest level since April 2016.

Trading volumes on the counter jumped nearly 10-fold with a combined 1.03 million equity shares having changed hands