CafeStocks MarketUpdate

Sri Adhikari Brothers Television Network is currently trading at Rs. 31.05, down by 0.70 points or 2.20% from its previous closing of Rs. 31.75 on the BSE.

The scrip opened at Rs. 32.75 and has touched a high and low of Rs. 32.75 and Rs. 30.60 respectively. So far 16977 shares were traded on the counter.

The BSE group ‘T ‘ stock of face value Rs. 10 has touched a 52 week high of Rs. 43.20 on 09-Dec-2009 and a 52 week low of Rs. 16.40 on 14-Jul-2009.

Last one week high and low of the scrip stood at Rs. 34.20 and Rs. 30.50 respectively. The current market cap of the company is Rs. 50.48 crore.

The promoters holding in the company stood at 43.00% while Institutions and Non-Institutions held 2.27% and 54.73% respectively.

Sri Adhikari Brothers Televison Network (SAB), a pioneer in the field of television programming and programme content, has launched its music and comedy channel ???Mastiii??? and is planning to invest Rs 75-100 crore in it. The 24-hour free-to-air channel will play Bollywood music, mixed with comedy acts and is already on air officially.

Meanwhile, the funding for investment will be made through internal accruals and debt. Further, the media and entertainment major expects a year-on-year growth of 15-20% for the company and also has plan of launching another channel next year.

SAB, the first production house to be listed on the BSE also owns a general entertainment channel, called SAB TV. The group, which also runs channels in Marathi and Bhojpuri under its different subsidiaries, Sri Adhikari Brothers Media (SABML) and Technocraft Media (TMPL), currently has a turnover of Rs 30 crore with a market cap of Rs 51 crore.

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