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These Media, Cable TV Stocks Owned By RIL Are Trading At Their 52-Week High Price

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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.

These Media, Cable TV Stocks Are Trading At Their 52-Week High Pric
 

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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Read more about: ril network 18
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