Network 18 Media & Investments hit an upper circuit limit of 5% at Rs 63.95 at 11:49 IST on BSE after the company made an additional investment in Bigtree Entertainment, which owns online entertainment ticketing brand BookMyShow.
Meanwhile, the BSE Sensex was up 6.22 points, or 0.02%, to 25,527.41.
On BSE, so far 1.70 lakh shares were traded in the counter, compared with an average volume of 3.76 lakh shares in the past one quarter.
The stock hit a high of Rs 63.95 and a low of Rs 61.15 so far during the day. The stock hit a 52-week high of Rs 71.45 on 9 June 2014. The stock hit a record low of Rs 25.10 on 3 September 2013.
The stock had outperformed the market over the past one month till 17 June 2014, rising 72.42% compared with 5.80% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 91.97% as against Sensex's 17.02% rise.
The mid-cap company has an equity capital of Rs 523.33 crore. Face value per share is Rs 5.
On a consolidated basis, Network 18 Media & Investments reported net loss of Rs 4.12 crore in Q4 March 2014 compared with net profit of Rs 12.42 crore in Q4 March 2013. Total income rose 4.4% to Rs 762.90 crore in Q4 March 2014 over Q4 March 2013.
No comments:
Post a Comment