Top Story

e4m_logo.png

Home >> International >> Article

Zee Telefilms scrip surges 45% in 3 days

03-August-2001
Font Size   16
Zee Telefilms scrip surges 45% in 3 days

Zee Telefilms counter has seen a sharp rally over the past three days on the back of some aggressive fund buying. The counter touched a high of Rs 102.85 in intra-day trade today, closing at Rs 98.95, almost 46 per cent higher from the 48-month low of Rs 68 it touched on previous Tuesday.

The surge follows some positive developments on the company's front. Talk of Subhash Chandra planning to offload a stake to a strategic partner, as well as a 11.91 per cent rise in net profit was recorded in the first quarter of 2001 to Rs 29.88 crores.

The trigger for the stock, however, came from the promoter's intention to divest stake to around 51 per cent.

The rally, however, may get aborted at the higher levels as FIIs may queue in to offload at those level. The volume today indicate that the offloading by operators have already begun.

Yesterday, the counter reacted marginally with combined volume on BSE and the National Stock Exchange (NSE) declining by 25.2 per cent to 179.94 lakhs share.

On BSE, volume declined from 91.21 lakhs share to 66.23 lakhs share while on NSE it fell to 113.71 lakhs share to 149.37 lakhs.

Tags

Kranti Gada joined the family business at Shemaroo in 2006 after a successful stint of over two years in marketing at Pepsi Co. She has been associated with the company for 12 years.

Exchange4media interacted with Jaspreet Chandok, Vice President and Head (Fashion) , IMG Reliance Pvt. Ltd on seamless brands integrations planned for Lakme Fashion Week, walking tall despite blazing trails like GST, demonetization and being a part of the larger cultural space

Their strategy to educate the consumers to make well informed decisions at all stages has worked out well.

Bobby Pawar, MD, CCO - South Asia, Publicis India, talks about his idea of chilling out

WhatClicks promises to be an unbiased, objective, third-party audit firm that will work with advertisers and agencies alike to help build an effective and integrated digital strategy.

V-Guard Industries, a household name for consumer electrical appliances in India, has revamped its logo in order to reflect the strength gained by the brand over the years. The company has also unveil...

The report reveals that there has been nearly 5 times more growth in video consumption in the last 12 months, with 96 percent of all usage being focused on long form video