TV Today Network tanks over 8% on disappointing Q4

Posted By: Religare
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Shares of TV Today Network, India's leading English-Hindi news television networks, fell over 8 per cent in early trade on Bombay Stock Exchange (BSE) after posting weak set fourth quarter numbers.

The mass media firm has reported 13 per cent year-on-year (yoy) drop in its standalone net profit at Rs 6.36 crore for the quarter ended March 31, 2013 (Q4) due to lower operational income.

Reacting to numbers, shares of company declined as much as 8.13 per cent to trade at Rs 77.95 a piece on the BSE.

In a similar fashion, shares of the company were trading at 78.70 a piece, down 7.14 per cent on the National Stock Exchange (NSE).

Meanwhile, the broader benchmark Sensex was quoting at 20,060.32, up 29.55 points or 0.15 per cent at 9:55 hours.

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