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DQ Entertainment in jubilant mood on winning three new contracts

03 Apr 2012 Evaluate

DQ Entertainment International is currently trading at Rs. 28.55, up by 2.50 points or 9.60% from its previous closing of Rs. 26.05 on the BSE.

The scrip opened at Rs. 26.90 and has touched a high and low of Rs. 30.00 and Rs. 26.85 respectively. So far 208119 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 72.35 on 08-Apr-2011 and a 52 week low of Rs. 18.65 on 19-Dec-2011.

Last one week high and low of the scrip stood at Rs. 30.00 and Rs. 23.00 respectively. The current market cap of the company is Rs. 226.75 crore.

The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 13.23% and 11.77% respectively.

DQ Entertainment International (DQE), the global entertainment group, has won three new contracts, associated with two new productions, concluded at MIPTV in Cannes, France -the world market for TV & Media.

The company has inked two co-production agreements for Robin Hood with TF1, France and Minika ATV Turkey. TF1, the French broadcaster has joined hands with Method Animation and DQE in a recently concluded deal to co-produce the Robin Hood TV series. TF1 will hold the broadcast rights for the Robin Hood series for France and French speaking territories. The company has also signed a coproduction agreement with Minika TV, ATV’s new Turkish kid’s network.

Besides, DQE has also entered into a co-production agreement with Gaumont Alphanim (Alphanim), France, the principal rights holders for the new 3D animated CGI TV series ‘Lanfeust’.

Peers
Company Name CMP
PVR Inox 1278.50
Saregama India 501.25
Shemaroo Entertain. 122.00
UFO Moviez India 60.33
Balaji Telefilms 94.60
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