Media scrips continue decline post-budget

MUMBAI: Media scrips continued their downslide four days after the announcement of the annual budget 2003-04. Media analysts have already indicated that the budget was negative for the media and entertainment companies.

On the Bombay Stock Exchange (BSE), the Zee Telefilms scrip opened at Rs 80.1, dipped to Rs 77.10 - down 3.75 per cent. A total of 2,518,069 shares were traded. The P/E ratio was 22.94 and the EPS at Rs 3.35. On the National Stock Exchange (NSE), the scrip opened the day at Rs 80.3, fell 4.11 per cent to end the day at Rs 77. The total volume traded was 4,229,021.

On the BSE, the Balaji Telefilms scrip opened the day at Rs 69.65; fell 1.79 per cent to Rs 68.40. A total of 51,573 shares were traded. On NSE, the scrip opened at Rs 72, fell 1.94 per cent to end the day at Rs 68.30. The total volume traded was 70,737.

On the BSE, the Mukta Arts scrip opened the day at Rs 61.25; fell 3.10 per cent to Rs 59.35. A total of 64,525 shares were traded. On the NSE, the scrip opened at Rs 61.95; fell 5.46 per cent to end the day at Rs 58. The total volume traded was 81,609.

On the BSE, the Television Eighteen scrip opened the day at Rs 61.2; fell to Rs 60.2 - down 1.63 per cent. A total of 6,816 shares were traded. On the NSE, the scrip opened at Rs 61.3; fell 2.20 per cent to end the day at Rs 60. The total volume traded was 20,509.

On the BSE, the Creative Eye scrip opened the day at Rs 11.75; dipped 9.79 per cent to end the day at Rs 10.60. A total of 5,250 shares were traded. On the NSE, the scrip opened at Rs 11; fell 1.36 per cent to Rs 10.90. The total volume traded was 16,197.

Latest Reads
India is 18-24 months away from an inflection point: Ashish Bhasin

Today’s advertisers aren’t short of options to choose from through which they can get a message across. But the difficult task at hand is to identify the one that allows optimisation of reach and viewership.

MAM Marketing MAM
Horlicks urges women to #StandStrong

MUMBAI: Women’s Horlicks has introduced its latest campaign featuring the new face of the brand, Taapsee Pannu. The initiative seeks to bring to the fore the issue of bone health among women in India and envisions to make them #StandStrong in following their passions.

MAM Marketing MAM
Savlon shows reality of mother's love

Savlon, a health and hygiene brand from the house of ITC has launched a campaign ‘Bharosa Maa Sa’. It is a heartfelt tribute to the healing touch of mothers highlighting a simple moment of truth that every individual relates to.

MAM Marketing MAM
Mindshare appoints M K Machaiah as chief innovation officer

MUMBAI: India’s largest full service media agency, Mindshare, a part of GroupM has appointed MK Machaiah, known as Mac, as chief innovation officer for South Asia.

MAM Media and Advertising People
LG astronaut becomes the most watched ad in India this year

MUMBAI: YouTube has released its annual year-end edition of the YouTube Ads Leaderboard 2017 capturing the most celebrated ads that received maximum views, shares, and love from audiences across India. Together, the top 10 ads generated a whopping 200 million views.

MAM Marketing MAM
Ola gets Viraj Chouhan to head communications

MUMBAI: Cab hailing service Ola has appointed Viraj Chouhan as its chief communications officer. In his new role, Chouhan would be reporting to co-founder and CEO, Bhavish Aggarwal and will be based in Gurgaon, shuttling between the Millennium City and Bangalore.

MAM Marketing Brands
Levi's hands over media duties to OMD

MUMBAI: Following a comprehensive market review, Levi’s has appointed OMD India to handle its media duties from its Bengaluru office.

MAM Marketing MAM
Dentsu Webchutney to handle creative for Goomo

MUMBAI: Dentsu Webchutney, the digital agency from Dentsu Aegis network, has been assigned as the lead creative agency for, an omnichannel, travel-tech company that operates across consumer, corporate and B2B segments. The account will be managed by Dentsu Webchutney’s Mumbai office.

MAM Marketing MAM
Festival of Bharat to cast the spotlight on India

MUMBAI: History repeats itself but this time there’s a twist. A London-based investor and indophile is spellbound by India but he’s got better plans. Cory Bixler has co-founded a festival that celebrates and aims to promote India’s culture to the world - The Festival of Bharat (FoB).

MAM Media and Advertising Event Agencies

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories