Nifty Media surges 2%; ZEEL, TV18 Broadcast lead the bull ride

SUN TV advanced 1.76%, Network18 rose 1.35% and TV Today was 1.31% on the upside. Dish TV spurted 1.27% and PVR gained 1.2%. DB Corp was also nearly 1% higher. Jagran drags.

May 07, 2021 12:05 IST India Infoline News Service

Bull-stock
Nifty Media Index surged 2% amid to go with bullish markets on Friday. Zee Enterprises Entertainment Limited and TV18 Broadcast led the bull ride while Jagran dragged.

At around 12.40 pm, Nifty Media was trading at 1,584.00 31.05 2.00, hitting a high of 1,592.45 during intraday trade on Friday.

Nifty, media stocks have been performing well despite second wave of Covid-19 compared to same time last year when stricter restrictions were in place to halt the spread of the pandemic, indicating recovery.

ZEEL spurted 3.7% at Rs189.00 per piece to lift the performance. TV18 Broadcast also supported the sector by gaining 2.6% at Rs37.20 per piece. 

SUN TV advanced 1.76%, Network18 rose 1.35% and TV Today was 1.31% on the upside. Dish TV spurted 1.27% and PVR gained 1.2%. DB Corp was also nearly 1% higher. Inox Leisure was trading flat.

Jagran emerged as the top laggard by shedding 1.2% at Rs54.15 per piece. 

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