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These Media, Cable TV Stocks Owned By RIL Are Trading At Their 52-Week High Price
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% |
| Den Networks | 79 | 52.7 | 50% |
| 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.
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