International Balaji Telefilm, Mukta dip on the BSE

Balaji Telefilm, Mukta dip on the BSE

Author | NULL | Monday, Jan 01,1900 9:33 AM

Balaji Telefilm, Mukta dip on the BSE

Stocks of Balaji Telefilms and Mukta Films ended lower on the Bombay Stock Exchange (BSE) today on rumours that the stocks would included in the rolling settlement from next week. On the BSE, Balaji Telefilms dipped 4.98 per cent to Rs 208.85, while Mukta Arts was down 7.42 per cent at Rs 150.45.

The decline saw profit booking in other media stocks too. Pentamedia Graphics (down 8.18 per cent to Rs 64) slipped on huge selling pressure. Over 21.57 lakh Pentamedia shares were traded on BSE. Similar volumes were witnessed on the National Stock Exchange.

Other media stocks such as Pritish Nandy Communications, Cinevista Communications, Tips Industries, Crest Communications and Sri Adhikari Brothers also slipped on profit-booking, but recovered from their lower levels in the extended trading session.

Meanwhile, Balaji Telefilms has informed the BSE that Prudential ICICI Asset Management Company has acquired 615,000 equity shares of the company, representing 5.97 per cent of the equity share capital, through its various schemes.

As per the notice, Prudential ICICI Growth Plan held 3,50,000 shares as on June 6 and 20,000 shares on June 21, Prudential ICICI Tax Plan held 65,000 shares on June 20 and Prudential ICICI Technology Fund had 1,80,000 shares as on June 21.

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