HT Media drops after bulk deal

capital market | Mumbai |

HT Media fell 2.49% to Rs 97.75 at 11:33 IST on BSE after 0.46% equity changed hands in a bulk deal on the BSE today, 20 November 2012.

A bulk deal of 11 lakh shares was executed on the HT Media counter at Rs 99.20 per share at 09:56 IST on the BSE today, 20 November 2012.

Meanwhile, the BSE Sensex was up 60.62 points or 0.33% to 18,399.62

On BSE, 11.11 lakh shares were traded in the counter as against average daily volume of 83,483 shares in the past one quarter.

The stock hit a high of Rs 101.85 and a low of Rs 96.50 so far during the day. The stock had hit a 52-week low of Rs 82 on 31 July 2012. The stock had hit a 52-week high of Rs 149.85 on 17 February 2012.

The stock had outperformed the market over the past one month until 19 November 2012, falling 0.84% compared with the Sensex's 1.84% fall. The stock also outperformed the market in past one quarter, rising 17.46% as against 3.66% rise in the Sensex.

The small-cap media company has equity capital of Rs 47 crore. Face value per share is Rs 2.

HT Media's consolidated net profit fell 24% to Rs 33.31 crore on 4.1% growth in net sales to Rs 500.93 crore in Q2 September 2012 over Q2 September 2011.

HT Media is one among India's leading media companies. The company publishes English daily newspaper Hindustan Times and a business daily Mint. The company's subsidiary Hindustan Media Ventures publishes Hindi daily Hindustan.

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