HDFC MF bought 2.1 percent stake in the company on September 12.
Moneycontrol News
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Shares of TV Today Network rallied nearly 3 percent intraday on September 16 after HDFC Mutual Fund bought stake in the media company.
The stock gained more than 12 percent in last three months. It was quoting at Rs 304.35, up Rs 6.75, or 2.27 percent on the BSE at 1149 hours.
HDFC MF bought 2.1 percent stake in the company on September 12.
HDFC Trustee Co Ltd A/C HDFC Retirement Saving Fund-Equity Plan already held 7.16 percent stake in the company as per shareholding pattern available on the exchanges.
Meanhwhile, TV Today had reported a 27.35 percent year-on-year increase in consolidated profit at Rs 51.03 crore and revenue from operations increased 30.5 percent to Rs 246.13 crore compared to year-ago.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.
First Published on Sep 16, 2019 12:09 pm
