TV18 Broadcast is currently trading at Rs. 30.70, up by 0.60 points or 1.99% from its previous closing of Rs. 30.10 on the BSE.
The scrip opened at Rs. 30.90 and has touched a high and low of Rs. 31.05 and Rs. 30.10 respectively. So far 69664 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 108.50 on 07-Apr-2011 and a 52 week low of Rs. 25.80 on 02-Jan-2012.
Last one week high and low of the scrip stood at Rs. 34.90 and Rs. 29.60 respectively. The current market cap of the company is Rs. 1122.45 crore.
The promoters holding in the company stood at 59.75% while Institutions and Non-Institutions held 19.69% and 20.56% respectively.
Credit rating agency, ICRA has reaffirmed the assigned credit rating ‘MA-’ for the fixed deposit (FD) programme of TV18 Broadcast. However in view of the recent announcement for rights issue and acquisition of certain ETV channels, the rating has been kept under Rating Watch with Developing Implications.
TV18 Broadcast has posted consolidated net loss at Rs 53.5 crore for the third quarter ended December 31, 2011 primarily due to expenditure on new launches. The company's consolidated net profit for the three months ended December 31, 2010 stood at Rs 19.8 crore.
The company’s revenues increased to Rs 342.8 crore during the third quarter of current fiscal. The same was at Rs 236.2 crore in year-ago period.
The profitability of the company took a hit during the quarter under review due to Rs 39 crore of one-time expense incurred in relation to the deferment of a Hindi movie channel by Viacom18. Another expense of Rs 20 crore was incurred with respect to launch costs of new channels -- Sonic, Comedy Central and Colors HD.
| Company Name | CMP |
|---|---|
| Zee Entertainment | 81.06 |
| Sun TV Network | 641.25 |
| GTPL Hathway | 69.83 |
| Network 18 Media Inv | 36.38 |
| TV Today Network | 114.27 |
| View more.. | |
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