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There was money to be made on Mukta Arts today. The counter
jacked up by a good 12.20 per cent on volumes of 383,000 on
BSE alone. The stock was trading in the Rs 54.00-62.50 range
on BSE today.
While the release of Joggers Park
seems to be driving this counter, investors are also looking
forward to the announcement of a super project that is a regular
feature on 24 October every year which, it is rumoured, happens
to be Ghai's wife - Mukta's birthday. The scrip is expected
to ride further around that time.
In the 2002-03 fiscal, Mukta Arts also entered
the television software business with its first show Archana
Aaa Haa on Zee TV. The special vehicle - Mukta Prime3
Teleworks Pvt Ltd - 100 per cent owned by Mukta Arts was formed
for that very purpose. The television business is expected
to impart stability as also to ensure steadier revenues for
the company.
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Media stocks accounted for 0.94 per
cent of the total market capitalisation of BSE 30 and
0.69 per cent of BSE 100 today on 16 September.
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Next to ride the markets today was TV Eighteen,
which spiked to a new 52 week high of Rs 146.90 during the
day. Over 322,000 TV18 shares were traded in the Rs 131-146.90
range on BSE today.
Balaji Telefilms gained 1.60 per cent on
volumes of 63,082 shares. However, the counter moved in a
very close range. Arun Bajoria has reportedly picked up around
four per cent stake in the company and is said to be looking
at strengthening his stake if the counter dips by a ten-odd
rupees.
Media heavyweight Zee Telefilms clocked volumes
of over 1.69 million shares. The counter gained 1.57 per cent
over the day's open of Rs 102.20. The scrip covered a range
of Rs 102.55-106 during the day.
While Pritish Nandy put on 4.78 per cent
to close at Rs 28.50, Padmalaya Telefilms paced up 3.95 per
cent on volumes of 136,000 shares. The counter traded between
Rs 83.20 and Rs 88.40.
While Pritish Nandy put on 4.78 per cent to close at Rs 28.50,
Padmalaya Telefilms paced up 3.95 per cent on volumes of 136,000
shares. The counter traded between Rs 83.20 and Rs 88.40.
Hinduja TMT shaved off 2.69 per cent on volumes of just under
650,000 shares but not before touching a high of Rs 214.50.
Gemini Communications gave up 17.34 per cent and closed at
Rs 20.50.
Among others to shed weight on the bourses today were Pentamedia
- down by 0.40 per cent; Navneet Publications - which tumbled
2.54 per cent; and Sandesh Ltd, which ended 0.87 per cent
lower.
(Data sourced from www.bseindia.com.)
Exchange rate: 1$ = Rs 45.95
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