Nifty Media stocks emerge top bulls on Tuesday; Dish TV skyrockets ~20%

DB Corp, Jagran Prakashan and TV18 Broadcast also spurted over 4% to drive the sector.

May 25, 2021 01:05 IST India Infoline News Service

Bull Market
Nifty Media Index rode in the fast lane amid volatile trade seen on Tuesday. Media stocks outran the other sectors in gains to emerge top bulls of the day.

Dish TV skyrocketed 20% while DB CorpJagran Prakashan and TV18 Broadcast also spurted over 4% to drive the sector.

At around 1.00 pm, Nifty Media was trading at 1,750.40 up 62.85 points or 3.72%, hitting a high of 1,753.35 during intraday trade on Tuesday. BSE Sensex was up 0.11% and Nifty50 was up 0.26% amid extension in lockdowns in many states till the end of this month to limit Covid-19 cases.

Dish TV led the gains by surging 18.68% at Rs15.25 per piece near day's high of Rs15.40 per piece. The stock has a 52-week high of Rs16.25 per piece, so the stock was also near its year's best performance.

DB Corp also lifted the performance of the sector by gaining 6.35% at Rs99.70 per piece. Jagran advanced 4.15% at Rs60.25 per piece while TV18 Broadcast was up over 4% at Rs41.40 per piece.

TV Today, Inox Leisure and PVR also gained around 3% each to outperform. ZEEL advanced over 2.3% while Network18 gained 1%. Sun TV also traded in the green in an all positive performance from the sector. 

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