Hot Pursuit     13-May-13
NDTV drops on profit taking after 2-day 30.2% rally
New Delhi Television tumbled 5.06% to Rs 92.95 at 13:14 IST on BSE, with the stock sliding on profit booking after 2-day 30.27% rally triggered by the company reporting turnaround in Q4 results.

Meanwhile, the S&P BSE Sensex was down 223.32 points or 1.11% at 19,899.

On BSE, 2.40 lakh shares were traded in the counter as against average daily volume of 1 lakh shares in the past two weeks.

The stock hit a high of Rs 99.70 and a low of Rs 92.65 so far during the day. The stock had hit a 52-week high of Rs 100.90 on Saturday, 11 May 2013. The stock had hit a 52-week low of Rs 38.55 on 11 May 2012.

The stock had outperformed the market over the past one month till 11 May 2013, galloping 64.4% compared with the Sensex's 8.52% rally. The scrip had also outperformed the market in past one quarter, jumping 31.94% as against Sensex's 3.4% gain.

The small-cap television broadcaster has equity capital of Rs 25.79 crore. Face value per share is Rs 4.

Shares of New Delhi Television (NDTV) had rallied 30.27% in two trading sessions to settle at Rs 97.90 on Saturday, 11 May 2013, from Rs 75.15 on 9 May 2013, after the company after market hours on 9 May 2013 reported turnaround Q4 results.

NDTV reported consolidated net profit of Rs 27.81 crore in Q4 March 2013, as against net loss of Rs 41.33 crore in Q4 March 2012. Consolidated revenue jumped 37.06% Rs 196 crore in Q4 March 2013 over Q4 March 2012. Operating profit galloped 425% to Rs 42 crore in Q4 March 2013 over Q4 March 2012.

NDTV reported consolidated net profit of Rs 1.91 crore in the year ended 31 March 2013 (FY 2013), as against net loss of Rs 87.38 crore in the year ended 31 March 2012 (FY 2012). Net sales rose 6.9% to Rs 506.64 crore in FY 2013 over FY 2012.

NDTV is news broadcaster, with three news channels--NDTV 24x7 (English), NDTV India (Hindi) and NDTV Profit (business). The company also broadcasts NDTV Good Times, an up-market lifestyle channel. It also broadcasts Astro Awani, a channel in Malaysia and Independent Television with Beximco Group in Bangladesh.

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