The south India based television broadcaster made this announcement during trading hours today, 21 February 2012.

Meanwhile, the BSE Sensex was up 134.76 points, or 0.74% to 18,424.11.

On BSE, 1.87 lakh shares were traded in the counter as against average daily volume of 23,041 shares in the past one quarter.

The stock hit a high of Rs 108.60 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 95 so far during the day. The stock had hit a 52-week low of Rs 41.55 on 9 August 2011.

The stock had underperformed the market over the past one month till 17 February 2012, rising 9.17% compared with the Sensex's 11.07% gain. The scrip had, however, outperformed the market in past one quarter, surging 36.9% as against Sensex's 11.1% gain.

The small-cap television broadcaster has an equity capital of Rs 12.98 crore. Face value per share is Rs 10.

Raj Television Network said that it expects additional subscription revenue from its pay channel segment from the latest deal with Arasu Cable.

Raj Television Network reported net profit of Rs 2.05 crore in Q3 December 2011, compared with net loss of Rs 0.95 crore in Q3 December 2010. Net sales rose 87.4% to Rs 13.94 crore in Q3 December 2011 over Q3 December 2010.

Raj Television Network is an established television broadcasting company in south India.