Television

Zee scrip crosses Rs 100 as CAS deadline is extended

MUMBAI: The barometer 30-stock Bombay Stock Exchange (BSE) Sensex continued its ascent; gained 53.92 points (weekly gain) to settle at 3,676.26 as compared to 3,622.34 on 4 July. The S&P CNX NSE Nifty also gained 23.20 points and ended the day at 1161.65 as compared to 1,138.45 on 4 July.

The BSE sensex hit its 16-month high on 10 July as Infosys Technologies raised its earning per share forecast for the full year. Share prices also gained on improved sentiments for tech stocks and announcements by the government about its intention to sell its stocks in divested public sector companies.

The Zee Telefilms counter witnessed heavy action as media reports indicated that the promoter's stake in the Subhash Chandra company has fallen below 51 per cent. Reports stated that Chandra continued to hold 23.5 per cent even as an overseas body owned by the promoters reduced its holding to 27 per cent. FIIs have hiked their stake to 29.4 per cent (up from 26.6 per cent). The report also states that the increase in the share price can be attributed to the delay in the implementation of CAS. However, market perception says that Zee Telefilms will gain due to higher advertising revenues in the post CAS scenario.

On 11 July, Zee Telefilms opened the day on the BSE at Rs 100.45; gained 3.83 per cent to end the day at Rs 104.30 as compared to Rs 96.20 on 4 July. The volume of shares traded was around 2.51 million shares. 

On the National Stock Exchange (NSE), the Zee scrip opened at Rs 100.45; gained 3.78 per cent to end the day at Rs 104.20 as compared to Rs 96.10 on 4 July. The volume of shares traded was around 5.40 million shares.

The Television Eighteen India scrip opened the day at Rs 98.70; dipped 4.51 per cent; ended the day at Rs 94.25 as compared to Rs 98.15 on the BSE on 4 July 2003. The volume of shares traded was 95,897. On the NSE, the scrip opened the day at Rs 100.10; dropped by 4.65 per cent to end the day at Rs 94.40 as compared to Rs 98.90 on 4 July. The volume of shares traded was 229,825.

On the BSE, the Balaji Telefilms scrip opened the day (11 July 2003) at Rs 63.90; dropped 0.31 per cent to end the day at Rs 63.70 as compared to Rs 68.65 on 4 July. The volume traded was 131,385 shares.

On the NSE, the scrip opened the day at Rs 64.20; dropped 0.31 per cent to end the day at Rs 63.70 as compared to Rs 68.55 on 4 July. The volume of shares traded was 462,247 shares. 

Sri Adhikari Brothers Television Network (SABTNL) opened the day at Rs 76.85; dropped 0.98 per cent to end the day at Rs 76.10 - same as the last price at which it was traded on 4 July. On the NSE, the scrip opened the day at Rs 77.80; dropped 1.04 per cent and ended the day at Rs 76.10 as compared to Rs 82 on 4 July. The volume of shares traded was 92,191.

On the BSE, Cinevistaas' opened the day at Rs 32.20; dropped 3.26 per cent; ended the day at Rs 31.15 as compared to Rs 32.05 on 4 July. On the NSE, the scrip opened at Rs 31.05; dropped 1.10 per cent and ended at Rs 31.40 as compared to Rs 32.70 on 4 July.

Creative Eye opened the day at Rs 16.12; dropped 0.74 per cent to end the day at Rs 16 as compared to Rs 17.61 on 4 July on the BSE. On the NSE, the scrip opened the day at Rs 16.75; dropped 1.85 per cent to end the day at Rs 15.95 as compared to Rs 17.60 on 4 July.

The ETC Networks scrip opened the day at Rs 59.60; dropped 1.93 per cent to end the day at Rs 58.45 as compared to Rs 56.55 on 4 July.

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