Eros International Media corrects on profit selling

Eros International Media fell 3.66% to Rs 101.30 at 11:49 IST on BSE on profit booking after a recent rally.

Meanwhile, the S&P BSE Sensex was up 41.92 points, or 0.12% to 35,279.60.

On the BSE, 59,000 shares were traded in the counter so far compared with average daily volumes of 1.03 lakh shares in the past two weeks. The stock had hit a high of Rs 104.70 and a low of Rs 99.90 so far during the day. The stock hit a 52-week high of Rs 259.85 on 12 January 2018. The stock hit a record low of Rs 61.65 on 1 October 2018.

 

Shares of Eros International Media surged 54.52% in eight trading sessions to settle at Rs 105.15 on 7 November 2018, from its close of Rs 68.05 on 26 October 2018.

On a consolidated basis, net profit of Eros International Media rose 34.43% to Rs 77.31 crore on 9.18% rise in net sales to Rs 292.88 crore in Q2 September 2018 over Q2 September 2017.

Eros International Media co-produces, acquires and distributes Indian language films in multiple formats worldwide including theatrical, television syndication and digital platforms.

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