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Media scrips see 16.3% rise in market capitalisation

12-December-2000
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Media scrips see 16.3% rise in market capitalisation

Total volume and turnover also doubled during the period. The market capitalisation of information, communication and entertainment sector stocks rose by 11.65 per cent to Rs 2,65,388 crore. Media major Zee Telefilms, which have been witnessing dumping in the past few months, also gained during the period. The counter witnessed a 15.6 per cent rise in market capitalisation in the last seven trading sessions to close today at Rs 322.75. Total turnover jumped 45 per cent to Rs 208.99 crore during the seven-day period.

The share price of television content provider Balaji Telefilms, which made its debut on the stock markets at Rs 153.45 (issue price Rs 130) on November 22, more than doubled since then. The scrip gained 40 per cent to close at Rs 311.50 today.

Padmalaya Telefilms, which made a public offer in June at a premium of Rs 90 per share, touched a low of Rs 72 on November 28. However, it bounced back and closed today at Rs 121.55. Mukta Arts, a film production company promoted by Subhash Ghai, surged 26 per cent in the past seven trading sessions to close today at Rs 282.85.

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