Catvision is currently trading at upper limit of Rs. 24.39, up by 1.16 points or 4.99% from its previous closing of Rs. 23.23 on the BSE.
The scrip opened at Rs. 24.30 and has touched a high and low of Rs. 24.39 and Rs. 24.28 respectively. So far 7412 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 41.18 on 05-Jan-2024 and a 52 week low of Rs. 11.22 on 13-Jul-2023.
Last one week high and low of the scrip stood at Rs. 24.49 and Rs. 21.60 respectively. The current market cap of the company is Rs. 13.30 crore.
The promoters holding in the company stood at 29.82%, while Institutions and Non-Institutions held 0.31% and 69.87% respectively.
Catvision has obtained approval from the Ministry of Information and Broadcasting (Government of India) for its application to downlink and broadcast ‘ABC Australia’ Channel, operated by the Australian Broadcasting Corporation, an entity of the Australian Government.
The company has successfully concluded an agreement with the Australian Broadcasting Corporation to secure exclusive broadcasting rights for ‘ABC Australia’ Channel in India. With the above approval, Company shall generate around Rs 1 crore per annum in revenue as per the terms stipulated in the agreement.
Catvision offers a range of products and services targeted at the cable and satellite television market in India. Their primary customer segments are cable and satellite TV operators, premium hotels, residential complexes and shopping malls.
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