Sowbhagya Media in jubilant mood on acquiring distribution rights for ‘Panjaa’

14 Nov 2011 Evaluate

Sowbhagya Media is currently trading at Rs 19.55, up by 0.65 points or 3.44% from its previous closing of Rs 18.90 on the BSE.

The scrip opened at Rs 19.50 and has touched a high and low of Rs 19.80 and Rs 19.45 respectively. So far 52110 shares were traded on the counter.

The BSE group 'T' stock of face value Rs 10 has touched a 52 week high of Rs 25.23 on 03-Jun-2011 and a 52 week low of Rs 7.20 on 25-Feb-2011.

Last one week high and low of the scrip stood at Rs 19.80 and Rs 16.50 respectively. The current market cap of the company is Rs 20.66 crore.

The promoters holding in the company stood at 59.65% while Non-Institutions held 40.35% stake in the company.  

Sowbhagya Media has acquired distribution rights in the Nizam area for a regional movie ‘Panjaa’. Sanghamitra Arts along with ARKA Media Works is producing the movie Panjaa, directed by Shri Vishnuvardhan. The much awaited movie is due for release in December, 2011.

The start casts of the movie are Pawan Kalyan, Sarah Jane Dias and Anjali Lavania. Pawan Kalyan is considered as the highest crowd puller and box office opener and is popularly known as power star in the Telugu media industry.

Shri Vishnuvardhan Kulasekaran, often credited simply as Vishnuvardhan, is an Indian film director. Vishnuvardhan's most recent film, Billa, a remake of the yesteryear classic, starring Ajith Kumar, Nayanthara and Namitha, was an all-time blockbuster. His Sarvam starring Arya and Trisha is musically a hit movie.

Sowbhagya Media through an associate venture is engaged in film production and distribution. Pooling up the expertise and proven credentials in the fields of films and media, the management intends to develop the company into a full fledged media company. Sowbhagya seek to grow through strategic diversification. The company plans to benefit from growing opportunities in the changing business landscape.

Sowbhagya Exports Share Price

2.16 0.00 (0.00%)
09-Mar-2020 18:01 View Price Chart
Peers
Company Name CMP
PVR 1402.25
Saregama India 444.60
Eros Internatl.Media 22.96
Shemaroo Entertain. 170.00
Balaji Telefilms 80.48
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.