Network18 Media hits over 11-year high on heavy volumes; up 42% in 4 days

In the past three months, the market price of the company has more-than-doubled as against a 0.56 per cent rise in the Sensex.

Shares of Network18 Media & Entertainment hit an over 11-year high of Rs 102.75 after they rallied 9 per cent on the BSE in Friday's intra-day trade amid heavy volumes in an otherwise subdued market.

The stock of the Reliance Group advertising & media company was trading higher for the fourth straight day, surging 42 per cent during the same period. It was trading at its highest level since August 2011.

The Company is mainly engaged in the business of digital news and magazines publishing. Network18's listed subsidiary TV18 owns and operates the broadest network of 57 channels