MAM

Media stocks slightly lower than their last week levels

MUMBAI: The week witnessed heavy volatility and the 30-stock BSE Sensex fell by 16.63 points, or 0.56 per cent to dip to 2,950. The frontline stocks lost ground even as there was interest in mid-cap stocks and companies. Amongst the media stocks, companies such as ETC Networks and Creative Eye have gained whereas others dipped from their last week price levels.

On 9 May, Zee Telefilms opened the day on the Bombay Stock Exchange (BSE) at Rs 78.65 dropped 3.38 per cent to end the day at Rs 75.60 ( as compared to Rs 76.55 on 2 May). The euphoria over the results declared on 28 April 2003 continues and has managed to ensure that the price remained over the Rs 70-mark. The volume of shares trades was around 2.74 million shares on 9 May.

At the National Stock Exchange (NSE), the Zee Telefilm scrip started the day (2 May) at Rs 78.40; fell by 4.38 per cent to end the day at Rs 75.40 (Rs 76.75 on 2 May). The volume of shares traded was around 5.35 million.

The Balaji Telefilms scrip opened the day (9 May 2003) at Rs 60.3; dropped 0.91 per cent and ended the day at Rs 59.75 (as compared to Rs 64.90 on 2 May). The volume traded was 38,559 shares.

On the NSE, the scrip opened the day at Rs 60.00; fell by 0.42 per cent to end the day at Rs 59.65 (as compared to Rs 65 on 2 May). Balaji Telefilms annual results will be announced on 22 May.

The Television Eighteen India scrip opened at Rs 72.65 on 9 May, dropped 2.20 per cent to Rs 71.05 (as compared to Rs 74.95 on 2 May) on the BSE. On the NSE, it opened at Rs 73.00, dropped 2.34 per cent Rs 70.90 ( as compared to Rs 74.60 on 2 May).

Sri Adhikari Brothers Television Network (SABTNL) opened the day (9 May) at Rs 54.70; dropped 0.46 per cent to end the day at Rs 54.45 (as compared to Rs 56.05 on 2 May). On the NSE, the scrip ended the day at Rs 54.40 (down 1.00 per cent) as compared to Rs 55.75 on 2 May.

Cinevistaas opened the day (9 May) at Rs 26.05; dropped by a huge 9.79 per cent to end the day at Rs 23. 50 - as compared to Rs 24.40 on 2 May on the BSE. On the NSE, the scrip opened at Rs 25.90; dropped by 3.59 per cent to end the day at Rs 25.50.

Creative Eye opened the day (9 May) at Rs 12.20 and dropped by 5.33 per cent to Rs 11.55 on the BSE. On the NSE, the scrip dropped by 6.50 per cent to end the day at Rs 11.50.

The ETC Networks scrip rose opened the day at Rs 44.85; rose by 0.33 per cent to end the day at Rs 45 ( as compared to Rs 38.85 on the BSE on 2 May).

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