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Mukta Arts surges on entering into a contract with ZEE

21 Jan 2013 Evaluate

Mukta Arts is currently trading at Rs. 42.35, up by 4.30 points or 11.30% from its previous closing of Rs. 38.05 on the BSE.

The scrip opened at Rs. 39.00 and has touched a high and low of Rs. 43.55 and Rs. 39.00 respectively. So far 27,045 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 44.80 on 18-Jan-2013 and a 52 week low of Rs. 23.75 on 26-Jul-2012.

Last one week high and low of the scrip stood at Rs. 44.80 and Rs. 37.70 respectively. The current market cap of the company is Rs. 95 crore.

The promoters holding in the company stood at 70.37% while Non-Institutions held 29.63% respectively.

Mukta Arts has entered into a contract with Zee Entertainment Enterprises (ZEE) for the assignment of satellite and other Electronic rights of its 35 films for 5 years from the dates on which current satellite rights expire. The deal is for Rs 25 crore plus applicable taxes.

The entire deal amount is being paid during the calendar year 2013. However, the revenue from the deal will be recognized in the Profit & Loss account, of the company based on the dates on which the rights commence for each film.

Mukta Arts is engaged in various areas of film making such as production, distribution, exhibition and imparting education.

Mukta Arts Share Price

47.80 0.00 (0.00%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
PVR 938.05
Saregama India 344.55
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UFO Moviez 72.06
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