TV18 BROADCAST Plunges by 5%; BSE 500 Index Down 0.8%
April 30, 2019 02:08 PM

TV18 BROADCAST share price has plunged 5% and is presently trading at Rs 33.

Meanwhile, the BSE 500 Index is at 15,345 (down 0.8%).

Among the top losers in the BSE 500 Index today are TV18 BROADCAST (down 5.1%) and INDUSIND BANK (down 5.7%).

HCL TECHNOLOGIES (up 3.9%) and BLUE STAR (up 3.2%) are among the top gainers today.

Over the last one year, TV18 BROADCAST has moved down from Rs 64 to Rs 33, registering a loss of Rs 32 (down 49.4%)..

The BSE 500 has moved up from 14,867 to 15,345, registering a gain of 478 points (up 3.2%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were BALRAMPUR CHINI (up 131.0%), VINATI ORGANICS (up 103.8%) and BATA INDIA (up 85.7%).

What About the Benchmark Indices?

The BSE Sensex is at 39,069 (down 0.6%). The top gainers among the BSE Sensex stocks today are INFOSYS (up 2.1%). The most traded stocks in the BSE Sensex are TATA STEEL and INFOSYS.

In the meantime, NSE Nifty is at 11,749 (down 0.4%). HCL TECHNOLOGIES (up 3.7%) and JSW STEEL (up 3.1%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,714 to 39,069, registering a gain of 4,355 points (up 11.9%).

TV18 BROADCAST Financial Update...

TV18 BROADCAST net profit down at Rs 201 million for the quarter ended March 2019, compared to a loss of Rs 1 billion a year ago. Net Sales declined 19.9% to Rs 11.8 billion during the period as against Rs 14.7 billion in January-March 2018.

For the year ended March 2018, TV18 BROADCAST reported 109.1% increase in net profit to Rs 613.0 million compared to net loss of Rs 293.0 million during FY17.

Revenue of the company grew 70.0% to Rs 17 billion during FY18.

The current Price to earnings ratio of TV18 BROADCAST, based on rolling 12 month earnings, stands at 30.2x.