Cable stocks were exhibiting mixed trend after the Government today extended the deadline for a complete switchover of the existing analog cable TV networks to digital addressable systems (DAS) in the four metro cities from June 30 to October 31 this year.
Finolex Cables is currently trading at Rs 40.35, down by 0.70 points or 1.71% from its previous closing of Rs 41.05 on the BSE. The scrip opened at Rs 41.00 and has touched a high and low of Rs 41.05 and Rs 40.30 respectively. So far 12001 shares were traded on the counter.
Den Networks is currently trading at Rs 99.00, down by 0.70 points or 0.70% from its previous closing of Rs 99.70 on the BSE. The scrip opened at Rs 97.05 and has touched a high and low of Rs 100.00 and Rs 96.55 respectively. So far 6941 shares were traded on the counter.
Showcasing resilience was, Wire & Wireless (India) is currently trading at Rs 12.02, up by 0.55 points or 4.80% from its previous closing of Rs 11.47 on the BSE. The scrip opened at Rs 11.98 and has touched a high and low of Rs 12.04 and Rs 11.50 respectively. So far 1395294 shares were traded on the counter.
While, recovering from the glut, Hathway Cable & Datacom was trading at Rs 176.65, up by 1.80 points or 1.03% from its previous closing of Rs 174.85 on the BSE. The scrip opened at Rs 173.00 and has touched a high and low of Rs 177.80 and Rs 170.00 respectively. So far 24646 shares were traded on the counter.
Cable Television Networks (Regulation) Amendment Act, 2011 has made the switchover of the existing analogue Cable TV networks mandatory to Digital Addressable System (DAS) by December 2014, in a phased manner.
| Company Name | CMP |
|---|---|
| Polycab India | 5307.25 |
| Sterlite Technologie | 126.35 |
| KEI Industries | 3763.05 |
| RR Kabel Ltd. | 1591.25 |
| Finolex Cables | 970.00 |
| View more.. | |
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