TV Today Network moves north after good Q1 outcome

TV Today Network rose 4.55% to Rs 313.85 at 14:35 IST on BSE after net profit rose 23.98% to Rs 22.38 crore on 7.72% growth in total income from operations to Rs 136.94 crore in Q1 June 2016 over Q1 June 2015.

The result was announced during market hours today, 8 September 2016.

Meanwhile, the S&P BSE Sensex was up 107.96 points or 0.37% at 29,034.32.

On BSE, so far 1.38 lakh shares were traded in the counter as against average daily volume of 9,356 shares in the past one quarter. The stock hit a high of Rs 327.10 and a low of Rs 298.65 so far during the day. The stock had hit a record high of Rs 350.50 on 18 February 2016. The stock had hit a 52-week low of Rs 205 on 8 September 2015. The stock had underperformed the market over the past one month till 7 September 2016, sliding 0.53% compared with 3.02% rise in the Sensex. The scrip had also underperformed the market in past one quarter, advancing 2.04% as against Sensex's 7.1% rise.

 

The small-cap company has equity capital of Rs 29.83 crore. Face value per share is Rs 5.

TV Today Network is engaged in news broadcasting operations. The company is a part of India Today group and operates a network of TV news channels.

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