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/default/files/styles/340x340/public/images/tv-images/2018/11/14/Republic-TV.jpg?itok=OJBUea4v
Republic TV continues to dominate English news genre: BARC week 44

In the Hindi news (U+R) genre, Zee News climbed two slots to the third position in week 44 of BARC ratings. Aaj Tak yet again stood on top in all the three genres. Republic TV continues its dominating streak in the English news genre.

Television TV Channels Viewership
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/11/13/zee.jpg?itok=Rw8Tfbjd
Essel Group engages Goldman Sachs to sell half its stake in Zee Entertainment

Mumbai: 13th November 2018, Subhash Chandra and family along with its advisors met in Mumbai over the Diwali weekend to undertake a strategic review of its businesses in view of the changing global media landscape. The strategic review underscored the importance of technological advancements such...

Television TV Channels GECs
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/11/14/royal.jpg?itok=vr3HaK3M
Get ready to go on a Royal Journey with FYI TV18’s ‘Royal India with Samira’

Ever wondered what Maharaja’s at their Royal palaces eat for their dinner? From understanding what all goes into the making of a royal meal to stealing some royal recipes, Samira is all set to take you for a Rich Food adventure.

Television TV Channels Factual @ Discovery
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/11/14/tv18.jpg?itok=4-icZlm3
HISTORY TV18 presents ‘Grand Central Stations’ premiering this Diwali at 8PM

Grand Central Stations premiering on November 7th at 8:00 PM on HISTORY TV18invites viewers to discover a symbolic stationthrough the eyes of an outsider who wants to understand the nation’s history.

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/11/13/sony.jpg?itok=RWws_WoP
Neville Bastawalla to take over as marketing head of SPN India sports cluster

Sony Pictures Network (SPN) has made some internal changes and handed the responsibility of heading marketing for the sports cluster to Neville Bastawalla, a source close to the development informed Indiantelevision.com.

Television TV Channels Sports
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/11/13/ganga.jpg?itok=dPGLZyYn
Big Ganga Sets up Safe Changing Rooms for Women During Chhath Puja

Riding on the success of multiple initiatives, ZEE Entertainment Enterprise Limited’s No. 1 Bhojpuri Channel, Big Ganga introduces a much-needed social initiative - ‘Ek Kadam Swabhiman Ki Aor’ on the occasion of one of the most popular festivals of the region, Chhath Puja.

Television TV Channels GECs
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/11/13/kids.jpg?itok=yvGnQLXi
Most awaited awards of the year - Nickelodeon Kids Choice Awards 2018 is back, bigger than ever!

It’s time to blow the trumpets and roll out the orange carpet for Nickelodeon Kids Choice Awards 2018.

Television TV Channels Kids
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/11/13/kumkum.jpg?itok=RCbjy0Of
Zee TV leads GEC urban in BARC week 44

Zee TV that was on the fourth position in the previous week climbed to the second position in the Hindi (U+R) genre in Broadcast Audience Research Council (BARC) data for week 44 of 2018.

Television TV Channels Viewership
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/11/12/nushka.jpg?itok=u1AhchW9
Anushka Sharma joins hands with Discovery to promote Tiger Conservation Movement

Leading Bollywood actress Anushka Sharma has joined hands with to promote a global awareness movement to save tigers from extinction.

Television TV Channels Factual @ Discovery

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories