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Major media stocks dip even as some others rise
 
Indiantelevision.com Team

(12 April 2003 7:00 pm)
 
MUMBAI: Media and entertainment stocks such as Zee Telefilms and Balaji Telefilms continued to dip in this week although there were some exceptions - notably SABe TV (on NSE), Cinevistas, Creative Eye and ETC Networks - which were on the ascendant.
 
 
On 11 April, Zee Telefilms opened the day at Rs 66.35 (Rs 73.2 on 4 April) on the Bombay Stock Exchange (BSE), fell by 0.83 per cent to finish at Rs 65.80 (as compared to Rs 72.25 on 4 April). The volume of shares trades was around 1.05 million shares. The scrip had dipped to a 52-week low of Rs 60.15 after hovering around the Rs 100 mark in the first week of 2003.

On the National Stock Exchange (NSE), the Zee Telefilm scrip started the day (11 April) at Rs 66 (as compared to Rs 72.45); fell 1.43 per cent and ended the day at Rs 65.50 (as compared to Rs 71.50 on 4 April). The volume of shares traded was around 1.7 million.

The Balaji Telefilms scrip fell by 6.05 per cent to end the day (11 April) at Rs 59.75 (as compared to Rs 65.85 on 4 April) on the BSE. On the NSE, it fell by 6.64 per cent to end the day at Rs 59.10 (as compared to Rs 66.15 on 4 April).

Higher volumes of Balaji shares - 1,01,649 - were witnessed on the NSE. The share had dipped to a 52-week low of Rs 52 on the BSE. It started the year 2003 at the Rs 80-mark.

Sri Adhikari Brothers Television Network (SABTNL) fell 0.92 per cent to end the day (11 April) at Rs 48.2 (as compared to Rs 52.65 on 4 April). On the NSE, the scrip rose to Rs 49 (as compared to Rs 52.25 on 4 April) - up 0.82 per cent.

Cinevistaas grew by 3.86 per cent to end the day (11 April) at Rs 22.85 (as compared to Rs 23.15 on 4 April) on the BSE. The scrip had touched a 52-week low of Rs 17.70. On the NSE, it was static at Rs 22.25. Towards the beginning of the year, it was hovering around the Rs 40-mark.

Creative Eye grew by 3.72 per cent to finish the day (11 April) at Rs 9.75 (as compared to Rs 10.50 on 4 April) on the BSE. The stock had started the year with the price at the Rs 14-mark.

The ETC Networks scrip rose by 1.14 per cent to end the day (11 April) at Rs 39.80 (as compared to Rs 43.30 on 4 April). The scrip was ruling at the Rs 70-mark in the first week of the year 2003.

The cricket world is over but the sentiments continue to be bad. Its time for Zee to deliver a hit and also for Balaji to deliver a fresh hit.

 
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