Television

UTV scrip makes impressive debut

MUMBAI: UTV Software Communications debuted today on the stock market, scaling to 30.8 per cent in early trade on its listed price of Rs 130.

 

On the Bombay Stock Exchange, the UTV scrip opened at Rs 165 at a premium of 27 per cent. And on strong buying support rose to Rs 170 during intra-day trade. It finally closed the day at Rs 168.

On the NSE the scrip listed at a premium of 15 per cent.

According to a market analyst, UTV is valued at Rs 3.27 billion on its close price of Rs 168. Going forward, films and television will significantly drive the topline and profits of the company, the anyayst said.

Discussing its debut, another analyst said that the market expects UTV to post earning per share (EPS) of Rs 8 and Rs12 for FY 05 and FY 06 respectively.

The company's initial public offer raised Rs 910 million through an issue of nearly 7 million shares, representing 34.1 per cent of its post-issue equity capital.

UTV's IPO was oversubscribed 26.35 times when it closed on 25 February.

 

 

A media analyst asserts that on the over-value denominator it is seen that with most scrips the similar allegations are made and these would include the likes of TV Today, NDTV, TV-18 and Zee.

Commenting on the comapny's debut on the stock market UTV MD Ronnie Screwvala said, "I'm very happy at the scrip's performance."

Elaborating further, Screwvala said the company has lined up a new show for Sony namely, Tarana. There are two to three shows which have still to be finalised but should come on air soon, he added.

On the film front, Screwvala said UTV is slated to distribute six to seven movies in this calendar year.

The movies include Rang De Basanti directed by Rakyesh Mehra (releasing in June), Blue Umbrella directed by Vishal Bharadwaj (Maqbool), will be out for release post-Cannes in April. The movie has been adapted from a Ruskin Bond book. Some of the other movies are Shaadi No I and Parineeta.

Speaking on the performance of the Hungama Channel, he pointed out that the kids' channel has progressed and It is third in the league after Pogo. In fact in many day-parts the channel has taken over Pogo.

Highlighting that Hungama channel garners more TVR's (0.56 per cent) on Friday's than even Cartoon Network (0.64 per cent), leave alone Pogo (0.27 per cent) and Disney (0.10 per cent), Screwvala expressed confidence that Hungama would continue to do well.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/22/karan-bajaj%20%281%29.jpg?itok=PEGordMk
DSport bags rights of Chinese League, IPL on cards

Discovery’s newest offering in the sports industry, DSport, has acquired the rights of the Chinese Super League (CSL). The tournament will be aired from 11 March.

Television TV Channels Sports
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/22/pramod%20%281%29.jpg?itok=X3UbSddA
Pramod Chandorkar is IRAA awards director

The Indian Recording Arts Academy has announced Pramod Chandorkar as the Awards Director. Pramod has been working as a Sound Engineer since 1995. He has worked on numerous mega hit albums and films as Chief Sound Engineer. He is one of the few audio engineers who have excelled in all branches of...

Television TV Shows Awards
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/22/Kalanithi-Maran.jpg?itok=byGkIFgE
Sun TV to benefit greatly from DAS III & IV: Centrum Broking

MUMBAI: Stockbroking firm Centrum Broking’s research team is relatively bullish on the Sun TV Network. In its latest report, Centrum has stated that Sun TV has said that recent developments bode well for the Kalanithi Maran promoted southern TV network. “We draw comfort from the court’s recent...

Television TV Channels Regional
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/21/akash-chawala.jpg?itok=turVwkEr
Akash Chawla bids adieu to ZEEL after 12 years

MUMBAI: Zee Entertainment Enterprises company Zee Studio's executive vice-president - films, and business head Akash Chawla has resigned after a long stint of 12 years.

Television TV Channels People
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/21/Ghost-buster_0.jpg?itok=pN9k_YTs
Tickle your funny bone with 'Ghostbusters' on Sony Pix

MUMBAI: Horror flicks never go out of fashion. And, if it has ghosts with a funny bone, you are in for a treat. Sony Pix is all set to premiere the cult Ghost-comedy film Ghostbusters on 26 February at 1 pm and 9 pm.

Television TV Channels English Entertainment
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/21/inside-800x800.jpg?itok=_rxsCsI-
Star Plus, Jalsha & Zee telecast challenged in B'Desh SC

MUMBAI: An appeal has been filed in the Bangladesh Supreme Court challenging the country's High Court verdict that approved continuing of telecast of three Indian TV channels. The Bangladesh High Court had paved the way for continuance of telecast of Star Plus, Zee Bangla and Star Jalsha. The...

Television TV Channels Regional
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/21/UK%20TV.jpg?itok=7UJUL8VJ
India's UK TV content imports rise to Rs 125 crore in 2015-2016

MUMBAI: India is the second fastest growing market for the UK content. That’s the findings of the latest TV export report for 2015-2016 released by the Producers Alliance for Cinema & Television (PACT). The report states that imports of British content by Indian broadcasters grew a handsome 43...

Television TV Channels English Entertainment
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/20/BIG-Magic_Akbar_Logo.jpg?itok=WhRLhaGi
Big Magic to air 'Akbar' from 20 Feb

MUMBAI: BIG Magic, a variety general entertainment channel, adds yet another unique offering to its bouquet of shows with the launch of a first-of-its-kind historic drama, ‘Akbar’.

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/20/IPL-2017%20%281%29_0.jpg?itok=6bGpZAhN
IPL 2017 auction: Ben Stokes, Tymal Mills top overseas buys, Karn Sharma biggest Indian buy

England’s all rounder Ben Stokes at Rs. 145 million (RPS) followed by compatriot Tymal Mills at Rs. 120 million (RCB) were amongst the top foreign buys, while Indians player Karn Sharma was picked by MI for Rs. 35 million at the Indian Premier League (IPL) 2017 auction that began in Bengaluru...

Television TV Channels Sports

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories