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RBNL nudges higher on being assigned ‘A2’ rating for its short term facilities

06 Jan 2012 Evaluate

Reliance Broadcast Network (RBNL) is currently trading at Rs 51.80, up by 1.85 points or 3.70% from its previous closing of Rs 49.95 on the BSE.

The scrip opened at Rs 48.85 and has touched a high and low of Rs 51.95 and Rs 48.85 respectively. So far 2491 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 5 has touched a 52 week high of Rs 99.25 on 03-Aug-2011 and a 52 week low of Rs 40.20 on 19-Dec-2011.

Last one week high and low of the scrip stood at Rs 51.95 and Rs 47.00 respectively. The current market cap of the company is Rs 395.67 crore.

The promoters holding in the company stood at 63.87% while Institutions and Non-Institutions held 2.66% and 33.46% respectively.

Credit rating agency, ICRA has assigned ‘A2’ rating to the short term facilities of Reliance Broadcast Network (RBNL). The agency has also assigned ‘BBB’ rating to the long term facilities of the company.

RBNL is a multi-media entertainment conglomerate with play across radio, television, intellectual properties and out of home. It is part of the Reliance Group and specializes in creating and executing integrated media solutions for brands.

Peers
Company Name CMP
PVR 938.05
Saregama India 344.55
Shemaroo Entertain. 105.35
Balaji Telefilms 94.39
UFO Moviez 72.06
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