Television

Media stocks plunge as Sensex sheds 452 points

http://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2016/07/01/Untitled-1_6.jpg?itok=2GLTAseK

MUMBAI: Media stocks crashed along with the benchmark Sensex Index which shed 452.80 points to close the day at 10,938. Pulled down by brokers who sold heavily to cover margin requirements and foreign funds to reduce their exposure in the derivatives market, the negative sentiment was also visible in the Nifty Index which ended at 3279, down 109 to previous close.

The major media scrips which recorded a two figure drop include HTMT, Adlabs, Zee Telefilms, Sun TV Ltd, NDTV, Saregama, TV18, Galaxy Entertainment, Gemini Communications and Navneet Publications.

HTMT took the deepest plunge, going down by Rs 48.30 to close at Rs Rs.701.75 at the Bombay Stock Exchange (BSE). Sun TV also stood weaker, recording a fall of Rs 38.25 to close at Rs.1192.35. Adlabs went down by Rs 26 to close at Rs 271.45 while NDTV ended the week at Rs 220.00, falling by Rs 21.10. Gemini Communications recorded a drop of Rs 22.8 to touch Rs Rs.433.30.

TV 18 went down by Rs 19 .35 to close at Rs 636.15, while the Zee TV stock dropped by Rs 15 to end the week at Rs 229.60. Navneet Publications recorded a fall of Rs 15, to close the week at Rs 304.30. The Saregama scrip shed Rs 11.35 to touch Rs 250. Galaxy Entertainment went down by Rs 13.55 to end the week at Rs 268.

Other important media scrips which saw the red at the week's close included UTV, BAG Films, Mid Day Multimedia, K Sera Sera, Pritish Nandy Communications and ETC Networks.

Stock analysts feel the Sensex is undergoing an overall valuation adjustment. "The correction in the valuation of media stocks is in line with the stock market crash which fell around 11 per cent in the week. There is no unusual reason to worry about the media stocks," says ING Vysya fund manager Manish Bhandari.

So will the fall continue? "The sensex has already lost heavily. It may further dip by about 3 per cent. But a heavy fall like this is definitely ruled out," says Bhandari.

The media scrips which bucked the trend are TV Today Ltd and Balaji Telefilms. Both recorded minimal gains of Rs 1.35 and Rs 0.75 respectively. "Balaji's strong fourth quarter result has protected the scrip's fall," adds Bhandari.

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/09/20/aajtak.jpg?itok=HOxmssOt
Aaj Tak most watched Hindi News channel in 2018

BENGALURU: The most watched Hindi news channel in the Hindi speaking market (HSM)-be it urban (U), rural (R) or combined (U+R) is India Today TV Network’s Aaj Tak during the first 37 weeks of 2018.

Television TV Channels Viewership
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/09/20/karan.jpg?itok=aZEQwRm6
Discovery India head Karan Bajaj calls it a day

There’s change coming at the top at Discovery India. India head Karan Bajaj has decided to move on to pursue his own entrepreneurial venture.

Television TV Channels People
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/09/20/limelight.jpg?itok=TILqjJce
LIMELIGHT NETWORKS ANNOUNCES LIMELIGHT REALTIME STREAMING

Limelight Networks, Inc. (Nasdaq: LLNW), a leading provider of edge cloud services, today introduced Limelight Realtime Streaming, the industry’s first globally scalable, sub-second live video streaming solution that is natively supported by major browsers and devices.

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/09/20/flix.jpg?itok=A0gKojhV
&flix brings to you a story of guilt and revenge with the premiere of ‘Aftermath’, this Sunday!

When a man loses everything, he is capable of anything. Based on true events, ‘Aftermath’, a drama thriller, is a story of guilt and revenge.

Television TV Channels English Entertainment
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/09/20/kumkum.jpg?itok=MFQ-slOQ
Zee Anmol continues to lead in Hindi GEC (U+R) in BARC week 37

Zee Anmol retained its leadership position this week in Broadcast Audience Research Council (BARC) data for week 37 of 2018 in the Hindi GEC (U+R) market.

Television TV Channels Viewership
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/09/20/tlc.jpg?itok=pgvb4uqq
TLC’s ‘Midnight Misadventures with Mallika Dua’ garners huge traction from advertisers

TLC’s India production ‘Midnight Misadventures with Mallika Dua’ has garnered huge traction from marquee advertisers.

Television TV Channels Factual @ Discovery
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/09/20/kids.jpg?itok=D_UxWqN_
Little Singham propagates the importance of Self Defence in Discovery Kids’ School Contact Program titled ‘Little Singham Squad’

Discovery Kids, India’s fastest growing kids channel, announced the launch of an all India School Contact program titled “Little Singham Squad” targeting more than 500+ schools in 11 cities across the country.

Television TV Channels Kids
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/09/20/anjana.jpg?itok=xf7d_Yd0
Hero ISL an ideal platform to educate the youth about hydration: Bisleri’s Anjana Ghosh

With the Hero Indian Super League (Hero ISL) is set to kick off on 29 September 2018, a national campaign titled #FanBannaPadega has been rolled out by the organisers to drum up enthusiasm ahead of the fifth edition. The essence of the campaign puts football fans at the heart of the experience and...

Television TV Channels Sports
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/09/20/%26TV.jpg?itok=nWl84Tip
&TV gets brand refresh; ad inventories sold out for new shows

Zee took a bold step when it decided to launch channels under a different brand name ‘&’ five years ago. The bet worked and the brand lived. Now, &TV, the GEC, is undergoing a brand refresh with a new lineup of shows as well.

Television TV Channels GECs

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories