Media stocks gain as analysts greet Zee results

MUMBAI: It was a hectic week with the Reserve Bank of India credit policy, annual results for several companies - Zee Telefilms and ETC Networks amongst others. The BSE Sensex gained 42.60 points, or 1.4 per cent, for the week to settle at 2,966.63, recovering from a 6-month low of 2,924.03 in the previous week. The week was a comparatively good one for listed media stocks as many of them rose higher as compared to the previous fortnights.

On 2 May, Zee Telefilms opened the day on the Bombay Stock Exchange (BSE) at Rs 76.85; dropped 0.39 per cent to end the day at Rs 76.55. The scrip has gained due to the positive sentiments expressed by financial analysts post the declaration of the annual results on 28 April 2003. The scrip had dropped to Rs 67.4 on 19 April and Rs 65.80 on 12 April. The volume of shares trades was around 4.87 million shares on 2 May.

At the National Stock Exchange (NSE), the Zee Telefilm scrip started the day (2 May) at Rs 76.65; increased by 0.33 per cent to end the day at Rs 76.75 as compared to Rs 67.50 on 19 April and Rs 65.50 on 12 April. The volume of shares traded was around 9.33 million.

The Balaji Telefilms scrip opened the day (2 May 2003) at Rs 65.5; dropped 0.92 per cent and ended the day at Rs 64.90. The volume traded was 25,356 shares. This is higher than Rs 60.85 on 17 April and Rs 59.75 on 12 April on the BSE. On the NSE, the scrip opened the day at Rs 67.80; fell by 0.76 per cent to end the day at Rs 65. However, the price was higher as compared to Rs 61.80 on 17 April and Rs 59.10 on 12 April. Balaji Telefilms annual results will be announced on 22 May.

The Television Eighteen India scrip opened at Rs 71.05 on 2 May, rose by 5.49 per cent to Rs 74.95 on the BSE. A total of 145,405 shares were traded. On the NSE, it opened at Rs 73.90, rose to Rs 74.60 (up 4.70 per cent). A total of 671,655 shares were traded. For the year ended March 2003, the company's revenue is up 25.06 per cent, at Rs 361.7 million, compared to Rs 289.21 million last year. Net profit for the year is at Rs 30.2 million, compared to a loss of Rs 46.41 million last year.

Sri Adhikari Brothers Television Network (SABTNL) opened the day (2 May) at Rs 55.05; rose 1.82 per cent to end the day at Rs 56.05. The price is higher than that which existed on 17 April - namely Rs 48. On the NSE, the scrip ended the day at Rs 55.75 (up 0.75 per cent).

Cinevistaas opened the day (2 May) at Rs 23.8 grew by 2.52 per cent to end the day at Rs 24.40 on the BSE. The scrip is still hovering around the same level as it was placed at Rs 21.30 on 17 April and Rs 22.85 on 11 April. On the NSE, the scrip opened at Rs 25.35; rose by 3.73 per cent to end the day at Rs 25.00.

Creative Eye opened the day (2 May) at Rs 10.45 and dropped to Rs 10.05 on the BSE. On the NSE, the scrip rose by 4.90 per cent to end the day at Rs 10.70.

The ETC Networks scrip rose opened the day at Rs 39.8; dropped by 2.39 per cent to end the day at Rs 38.85 on the BSE. The scrip was placed higher at Rs 41.15 on 17 April and Rs 39.80 on 12 April.

ETC Networks Ltd announced an audited profit after tax of Rs 141.3 million for the year ended 31 March 2003 as compared to a net loss of Rs 141 million during the previous year. The company board, which held its meeting on 28 April, recommended a payment of 20 per cent maiden dividend.

On 29 April, the ETC Networks scrip opened the day at Rs 41.45 on the Bombay Stock Exchange (BSE) and dropped 2.29 per cent to end the day at Rs 40.65. The 52-week high and low of the company were Rs 99 and Rs 33 respectively.

Latest Reads
Essence hires Sonali Malaviya as VP - client partner

Essence, a data-driven global agency and a part of GroupM, has announced the appointment of Sonali Malaviya as the vice president - client partner. She will be reporting to Anand Chakravarthy, managing director, Essence India and will lead the Google relationship, based in the Gurgaon office.

MAM Marketing MAM
Bridge Music Academy launches the racist keyboard

MUMBAI: Earlier last month, Bridge Music Academy has launched the racist cover campaign aimed at educating children about racism and its effects. Conceptualised by Dentsu Webchutney, the campaign is supported by Culture Fox and Roland.

MAM Marketing MAM
QuikrHomes releases consumer sentiments report for 2018

MUMBAI: Leading digital real estate business QuikrHomes has released a comprehensive report that captures consumer sentiments for the year 2018. The report was conceptualised to understand consumer sentiments post regulatory changes in the real estate and what it means to the industry in 2018. 

MAM Marketing MAM
Law & Kenneth Saatchi & Saatchi appoints Delna Sethna as CCO

MUMBAI: Law & Kenneth Saatchi & Saatchi, Publicis Communications’ full-service creative agency, has named Delna Sethna as its chief creative officer across all its businesses. Prior to this, Sethna was leading some key global businesses such as P&G brands and Mondelez.

MAM Marketing MAM
2018 will be a year of video campaigns: WATConsult's Rajiv Dhingra

MUMBAI: If you see an advertisement on a website or your app, you are a well defined consumer of digital advertising. Thet ads on the website you visit are primarily revenue source for internet companies.

MAM Marketing MAM
Mother's Recipe undertakes initiative for war heroes

MUMBAI: India’s homegrown pickle brand Mother’s Recipe initiated a new campaign called, tribute to our motherland to salute the supreme sacrifice and selflessness of our brave men in uniform. Under this initiative, the company will contribute Rs 3 from the sale of every special edition Mothers...

MAM Marketing MAM
Is India ready for the impact of AI on marketing?

MUMBAI: From self-driving cars to voice assistants Siri and Alexa, artificial intelligence (AI) is expeditiously becoming popular. While one may think of AI only as intelligent robots or technology, it encompasses everything from Google’s search algorithm to e-commerce to geo-target and...

MAM Marketing MAM
Kajaria Ceramics touches patriotism with Akshay Kumar

MUMBAI: Kajaria Ceramics has launched another new ad campaign with its official brand ambassador and Bollywood actor Akshay Kumar. The company recently launched a TVC for its bathware solutions brand KEROVIT with Anushka Sharma.

MAM Marketing MAM
Duroflex launches sleep marathon with Milind Soman

MUMBAI: We are living in the time of the gig culture where staying up all night to meet project deadlines is celebrated. However, long term effects of lack of sleep are hardly discussed. Keeping this in mind, Happy mcgarrybowen, the creative agency from Dentsu Aegis Network, has conceptualised the...

MAM Marketing MAM

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories