Sowbhagya Media is currently trading at Rs. 20.85, up by 0.65 points or 3.22% from its previous closing of Rs. 20.20 on the BSE.
The scrip opened at Rs. 20.85 and has touched a high and low of Rs. 20.85 and Rs. 20.85 respectively. So far 50 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. 21.00 and Rs. 19.20 respectively. The current market cap of the company is Rs. 22.08 crore.
The promoters holding in the company stood at 59.65% while Non-Institutions held 40.35%.
Sowbhagya Media has inked pact with Zee Television for 26 episodes of new comedy show. The company has launched a new weekly Telugu television comedy show named “Comedy Club”. It is telecast in Zee TV in the time slot 9:30 PM to 10:30 PM on every Tuesday. The first episode was telecasted on November 29, 2011.
In this Comedy Club show 6-8 film and television artists, radio jockeys (RJ's) and other artists across Andhra Pradesh will participate, coming on to the stage to perform in front of the studio audience. The acts will be in the form of skits, solo acts, mimicry and stand-up comedies.
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.
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