Balaji Telefilms gains over 5% ahead of plans to raise funds
Balaji Telefilms advanced over 5% during Wednesday’s trade on the BSE ahead of its board meeting on Thursday in which various fund-raising options will be considered.
In a BSE filing post market hours on Monday, the company said that a meeting of the board of directors will be held on July 20, 2017, to consider various fund raising options including raising funds through issue of securities on preferential basis, subject to approval of the shareholders of the company and other necessary approvals, if any.
Balaji Telefilms was trading at Rs 191.60, up by Rs 7.70 or 4.19% as at 1200 hours on Wednesday, on the BSE. The stock has hit an intraday high of Rs 194.90.
Stock view:
Balaji Telefilms Ltd is currently trading at Rs 194, up by Rs 10.1 or 5.49% from its previous closing of Rs 183.9 on the BSE.
The scrip opened at Rs 184.55 and has touched a high and low of Rs 194.9 and Rs 184.5 respectively. So far 2339026(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 1396.36 crore.
The BSE group 'B' stock of face value Rs 2 has touched a 52 week high of Rs 188.9 on 18-Jul-2017 and a 52 week low of Rs 73.85 on 22-Nov-2016. Last one week high and low of the scrip stood at Rs 188.9 and Rs 156.65 respectively.
The promoters holding in the company stood at 42.22 % while Institutions and Non-Institutions held 33.05 % and 24.73 % respectively.
The stock is currently trading above its 50 DMA.
Balaji Telefilms Ltd
BSE 194.45 10.55 (5.74%)
NSE 193.90 10.20 (5.55%)
In a BSE filing post market hours on Monday, the company said that a meeting of the board of directors will be held on July 20, 2017, to consider various fund raising options including raising funds through issue of securities on preferential basis, subject to approval of the shareholders of the company and other necessary approvals, if any.
Balaji Telefilms was trading at Rs 191.60, up by Rs 7.70 or 4.19% as at 1200 hours on Wednesday, on the BSE. The stock has hit an intraday high of Rs 194.90.
Stock view:
Balaji Telefilms Ltd is currently trading at Rs 194, up by Rs 10.1 or 5.49% from its previous closing of Rs 183.9 on the BSE.
The scrip opened at Rs 184.55 and has touched a high and low of Rs 194.9 and Rs 184.5 respectively. So far 2339026(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 1396.36 crore.
The BSE group 'B' stock of face value Rs 2 has touched a 52 week high of Rs 188.9 on 18-Jul-2017 and a 52 week low of Rs 73.85 on 22-Nov-2016. Last one week high and low of the scrip stood at Rs 188.9 and Rs 156.65 respectively.
The promoters holding in the company stood at 42.22 % while Institutions and Non-Institutions held 33.05 % and 24.73 % respectively.
The stock is currently trading above its 50 DMA.
Balaji Telefilms Ltd
BSE 194.45 10.55 (5.74%)
NSE 193.90 10.20 (5.55%)
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