Shares of LCOs including Hathway cables and Datacom, Den Networks and GTPL Hathway zoomed in the range of 5 to 20% during the morning deals on the BSE while those of PVR & INOX Leisure slipped up 10%
Hathway Cable & Datacom has locked in upper circuit of 20% at Rs 38.25, while Den Networks was up 8% to Rs 91 on the BSE
Given Hathway's high leverage and investments in broadband business, sale proceeds appear minuscule
The company launches broadband services in Chennai
The stock zoomed 19% to Rs 44.75 on BSE in intra-day trade.