After World Cup hammering, listed TV cos' scrips recover some ground

MUMBAI: The cricket World Cup has wrecked havoc on the listed television companies, particularly because none of them had the rights to telecast the greatest cricketing spectacle. Most of the listed companies lost a substantial chunk of their market capitalisation; although some of them are on the rebound in the first week of April 2003.



On 4 April, Zee Telefilms opened the day at Rs 73.2 on the Bombay Stock Exchange (BSE), fell by 1.3 per cent to finish at Rs 72.25. The volume of shares trades was around 1.2 million shares. The scrip had dipped to a 52-week low of Rs 60.15 after hovering around the Rs 100 mark in the first week of 2003.

The current rebound is attributed to the fact that the World Cup is over; Zee's Siti Cable is gearing up to tackle the conditional access system (CAS) scenario; and Chandra has got the nod for DTH (direct to home) from the information & broadcasting ministry (I&B).

On the National Stock Exchange (NSE), the Zee Telefilm scrip started the day (4 April) at Rs 72.45; fell 2.05 per cent and ended the day at Rs 71.50. The volume of shares traded was around 2.4 million.

The Balaji Telefilms scrip climbed up 5.87 per cent to end the day (4 April) at Rs 65.85 on the BSE. On the NSE, it rose by 6.35 per cent to end the day at Rs 66.15. Higher volumes of shares - 143,743 - were witnessed. Recently, the share had dipped to a 52-week low of Rs 52 on the BSE. It started the year 2003 at the Rs 80-mark.

Sri Adhikari Brothers Television Network grew by 7.78 per cent to end the day (4 April) at Rs 52.65. On the NSE, the scrip rose to Rs 52.25 (up Rs 6.85 per cent).

Cinevistaas grew by 7.18 per cent to end the day (4 April) at Rs 23.15 on the BSE. The scrip had touched a 52-week low of Rs 17.7. Towards the beginning of the year, it was hovering around the Rs 40-mark.

Creative Eye grew marginally by 1.1 per cent to finish the day (4 April) at Rs 10.50 on the BSE. The stock had started the year with the price at the Rs 14-mark.

The ETC Networks scrip rose by 4.34 per cent to end the day (4 April) at Rs 43.30. The scrip was ruling at the Rs 70-mark in the first week of the year 2003.

It would be interesting to see what kind of an impact the World Cup would have had on Star India or Sony Entertainment Television if these companies had been listed on the stock exchanges.

Latest Reads
Q3-16: DIRECTV mitigates AT&T U-Verse TV subscriber numbers fall

BENGALURU: AT&T acquired DIRECTV added 323,000 net subscribers and hence helped mitigate the company’s Entertainment and Internet Services Group (Entertainment) segment’s loss of 326,000 U-Verse subscribers for the quarter ended 30 September 2016 (Q3-16, current quarter). About 70 percent of...

Television TV Channels English Entertainment
"Let India open its market, we will open ours" - PEMRA chairman Absar Alam

Pakistan’s TV watchdog - the Pakistan Electronic Media Regulatory Authority (PEMRA) - charimanAbsarAlam was in the line of Pakistan’s Geo News anchor Shahzaib Khanzada’s fire last week. In his Monday to Thrusday current affairs talk show AajShahzaibKhanzada Kay Sath - the anchor grilled him time...

Television TV Channels GECs
BIG Magic acquires 'Boonie Bears' exclusive FTA rights

BIG Magic has acquired exclusive FTA rights of ‘Boonie Bears’, the No.1 and most popular animated series in China. BIG Magic has renamed it ‘Babloo Dabloo’ for the Hindi viewing audience. Babloo Dabloo airs every Monday – Sunday 10 am – 11 am & 5 pm – 6 pm only on BIG Magic

Television TV Channels GECs
PBL: Setting stage for next big thing on Indian sporting landscape

India has witnessed the emergence of a multi-sports culture over the past few years. This significant development has come on the back of a promising display by Indian sportspersons across various disciplines, the meteoric rise of home grown leagues and the consequent widening of the fan base of...

Television TV Channels Sports
CNNMoney new section will be about the fastest growing economy; MoneyStream app launched

MUMBAI: Attracting 1.8 million average monthly page views, witnessing a 37 per cent growth in video consumption and 16 per cent in unique browsers month-on-month from India in less than a year’s time is not smooth. In its ambitious plan of global expansion, CNN Digital is leaving no stone unturned...

Television TV Channels News Broadcasting
Content a 'Game of Thrones'; AT&T's control over HBO, Cartoon Network, Warner Bros faces regulatory lens

The global media landscape is resulting in a new juggernaut as an internet and cable behemoth yesterday purchased an entertainment conglomerate making the former unmatched in its size and reach to consumers through home broadband, smartphones, satellite television and a battery of movies and cable...

Television TV Channels English Entertainment
US$ 4.5 bn expected from IPL rights; SC recommends accounts scrutiny

The Supreme Court on Friday froze all financial transactions between the BCCI and state cricket associations by directing the apex body not to disburse any funds till it resolves to abide by the Justice RM Lodha panel recommendations on reforms by 3 December . The top court ordered that none of...

Television TV Channels Sports
TVS Tyres is co-presenter for Asian Champions Trophy 2016

Continuing its strong connect with sports, TVS Tyres has associated with Asian Champions Trophy 2016 by becoming the co-presenter. The Asian Champions Trophy is one of the premier hockey tournaments, a much sought after annual international competition promising some great hockey action. This...

Television TV Channels Sports
Q2-17: Zee Learn declares maiden interim dividend

The board of directors of the Essel group’s education company Zee Learn Limited (ZLL) have declared a first time ever dividend of 5 percent per equity share of Re 1 each for the quarter ended 30 September 2016 (Q2-17, current quarter).

Television TV Channels Factual & Documentary

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories