Hot Pursuit     05-Jun-17
NDTV tumbles after CBI carries out searches
New Delhi Television fell 5.14% to Rs 59.10 at 13:58 IST on BSE on reports the Central Bureau of Investigation carried out searches at the residences of NDTV founder.
Meanwhile, the S&P BSE Sensex was up 53.02 points, or 0.17% to 31,326.31.

On the BSE, 1.04 lakh shares were traded in the counter so far, compared with average daily volumes of 24,921 shares in the past one quarter. The stock had hit a high of Rs 62.55 so far during the day. The stock had hit a low of Rs 58.10 so far during the day, which is also a 52-week low for the counter. The stock hit a 52-week high of Rs 99 on 13 July 2016.

The stock had underperformed the market over the past one month till 2 June 2017, falling 2.58% compared with 3.81% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 10.10% as against Sensex's 8.47% rise. The scrip had also underperformed the market in past one year, falling 33.72% as against Sensex's 16.50% rise.

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

According to media reports, the Central Bureau of Investigation (CBI) carried out searches at the residence of New Delhi Television (NDTV) founder Prannoy Roy in Delhi and in Dehradun for allegedly causing loss to a private bank. CBI has registered a case against Roy, his wife Radhika and RRPR Holdings for allegedly causing a loss of Rs 48 crore to ICICI Bank, reports added.

NDTV clarified to the bourses during trading hours today, 5 June 2017, that this morning, the CBI stepped up the concerted harassment of NDTV and its promoters based on the same old endless false accusations. NDTV and its promoters will fight tirelessly against this witch-hunt by multiple agencies. The company added that it will not succumb to these attempts to blatantly undermine democracy and free speech in India.

On a consolidated basis, NDTV reported net profit of Rs 5.28 crore in Q4 March 2017 as against net loss of Rs 0.77 crore in Q4 March 2016. Net sales declined 9.07% to Rs 154.35 crore in Q4 March 2017 over Q4 March 2016.

NDTV is news and lifestyle television network in India.

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