Media scrips, sensex gains even as monsoons bring hope

MUMBAI: The barometer 30-stock Bombay Stock Exchange (BSE) sensex touched a four-month high and closed at 3,354.14, it's best close since 22 January. This close was higher than the previous week's close of 3,303.24 on 6 June 2003. The S&P CNX NSE Nifty also gained and ended the day at 1,056.20 marginally higher than 1,046.40 on 6 June.


Market observers say that the optimism over the arrival of the monsoons augurs well for the next week. Most of the old economy stocks are expected to give a further fillip to the stock markets.

The media stocks gained during the course of the week but some of them dropped marginally towards the end of the week. Amongst the scrips, Cinevistaas posted a strong growth.


Zee Telefilms opened the day (13 June) on the BSE at 88.65; registered a meagre increase of 1.97 per cent to end the day at Rs 90.40 (as compared to Rs 92.75 on 6 June). The volume of shares traded was around 3.64 million shares on 13 June.

On the National Stock Exchange (NSE), the Zee Telefilm scrip opened the day at Rs 91.70; dipped slightly by 1.15 per cent to end the day at Rs 90.65 (as compared to Rs 93.25 on 6 June). The volume of shares traded was around 6.92 million shares.

The Television Eighteen India scrip opened the day at Rs 98.30; dropped by 2.34 per cent and ended the day at Rs 96 on the BSE (as compared to Rs 101.70 on 6 June 2003). On the NSE, the scrip opened the day at Rs 96.95; dropped by 1.13 per cent to end the day at Rs 95.85 as compared to Rs 84.10 on 6 June 2003.

The Balaji Telefilms scrip ended the day (13 June 2003) at Rs 63.35 (down 3.58 per cent) as compared to Rs 56 on 6 June. The volume traded was 654,592 shares. On the NSE, the scrip ended the day at Rs 63.35 (down 3.80 per cent) as compared to Rs 57.70 on 6 June. The volume of shares traded was 1.89 million.

The Balaji counter witnessed heavy action and even touched a 52-week high during the trading hours. A Business Standard report claimed that Bank of India (BoI), which owned a sizeable portion of Ketan Parekhs holdings in Balaji Telefilms, sold 2.2 million shared to Prudential ICICI Mutual Fund on 6 June for a sum of Rs 135 million.

The report added that the bank holds 4.5 per cent (2.3 million shares) in the television software provider. The report also says that Parekh held 464,500 shares of Balaji Telefilms, amounting to 4.5 per cent, before it went in for an initial public offer (IPO) but the shares were never delivered by the company. Currently, after the 1:5 stock split, these holdings multiplied to 23,22,50 million shares, it said.

Sri Adhikari Brothers Television Network (SABTNL) opened the day at Rs 77.20; dropped 0.78 per cent to end the day at Rs 76.59 (as compared to Rs 81.45 on 6 June). On the NSE, the scrip ended the day at Rs 77.15 (down 0.06 per cent) as compared to Rs 81.60 on 6 June. The volume of shares was 133,626 shares.

Cinevistaas ended the day (13 June) at Rs 39.60; as compared to Rs 29.70 on 6 June on the BSE. On the NSE, the scrip opened at Rs 39.60; grew 1.01 per cent and ended at Rs 40 (as compared to Rs 29.95 on 6 June). The volume of shares was around 25,673 shares.

Creative Eye opened the day at Rs 15; gained 0.07 per cent to end the day at Rs 15.01 (as compared to Rs 15.98 on 6 June on the BSE. On the NSE, the scrip gained 0.33 per cent to end the day at Rs 15.05 (as compared to Rs 16.10 on 6 June).

The ETC Networks scrip opened the day at Rs 54.80; dropped 3.56 per cent to end the day at Rs 52.85 on the BSE. The scrip had closed at Rs 56.90 on 6 June.

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