TV18 BROADCAST Plunges by 5%; BSE 500 Index Down 0.5%
May 13, 2019 02:54 PM

TV18 BROADCAST share price has plunged 5% and is presently trading at Rs 30.

Meanwhile, the BSE 500 Index is at 14,707 (down 0.5%).

Among the top losers in the BSE 500 Index today are TV18 BROADCAST (down 5.1%) and EICHER MOTOR (down 6.5%).

VODAFONE IDEA (up 5.4%) and OBEROI REALTY (up 3.8%) are among the top gainers today.

Over the last one year, TV18 BROADCAST has moved down from Rs 59 to Rs 30, registering a loss of Rs 30 (down 50.3%)..

The BSE 500 has moved down from 14,833 to 14,707, loss of 126 points (down 0.8%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were BALRAMPUR CHINI (up 113.8%), VINATI ORGANICS (up 95.2%) and DCM SHRIRAM (up 80.7%).

What About the Benchmark Indices?

The BSE Sensex is at 37,584 . The top gainers among the BSE Sensex stocks today are HUL (up 1.6%). The most traded stocks in the BSE Sensex are SBI and AXIS BANK.

In the meantime, NSE Nifty is at 11,300 (down 0.3%). HDFC (up 1.5%) and TECH MAHINDRA (up 1.5%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,246 to 37,584, registering a gain of 2,338 points (up 6.3%).

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 27.4x.