Even in highly volatile stock markets, Nifty Media for some time has been showing resilience and is again up in trade on June 18, 2020 by as much as 1.33%. From a 1-week stand, the index is up 1.6%.
Notably, here some of the stocks from the space plus those from the cable TV and broadcasting segment owned by the conglomerate Reliance Industries has logged a record surged of over 100% in share price in a span of just 1 month. The surge precisely is driven by large volumes in these counters. Also some of the counters from the list are trading at their 52-week high price.
Here's a list of all such stocks:
|Company||Current stock price||Price on May 18, 2020||% Change|
|Hathway Bhawani||34.15 (52-week high price)||16.74||104%|
|TV 18 Broadcast||36.15 (close to its 52-week high price of Rs. 38.5)||21.85||65%|
|Network 18 Media||41.5 ( Hit 52 week high price of Rs. 42.05)||25.15||65%|
|Hathway Cable and Datacom||34.6||25.7||35%|
Further on abrupt hike in share price, two of the firms namely TV18 Broadcast and Network18 Media & Investments on June 12 in separate regulatory filing said that there is no disclosure that should otherwise be filed with the exchanges as per SEBI guidelines.