F&O positions barred, NDTV slips
NDTV lost 1.63% to Rs 226.60, after NSE barred further F&O positions in the company.
The 95% marketwide position limit has been breached in the counter.As many as 29,667 shares changed hands in the counter on BSE, slipping to a low of Rs 224.10 in early trade.The stock witnessed a steady rally from Rs 211.50 on 19 October, to advance to Rs 230.35 by 8 November 2006, as buying continued.
In late-October, NDTV’s board approved a new model to expand beyond news. NDTV will develop a bouquet of channels providing entertainment and lifestyle content, and initiate a major thrust in new media, including the Internet. It will also set up a company called NDTV Ventures to undertake new initiatives that will include a Hindi mass entertainment channel, four metro channels (airing news, entertainment and sports) and regional business channels in partnership with local players.
Recently, NDTV acquired the broadcasting rights for 10 years for international boxing in India, under its plans to expand beyond the news genre. Its entertainment channel will be, to begin with, free to air.
In March, NDTV entered into a joint venture with Genpact to offer services like editing and digitisation. A joint statement said that 70% of all media work is now in the digital format, and about 70% of that could be outsourced. The joint venture intends to capitalise this untapped market.
NDTV operates news channels in Hindi and English. It had, through its 100% subsidiary NDTV News, acquired minority stake in Radio Today, which operates FM radio channel `Red FM' in Mumbai, Delhi, and Kolkata.
NDTV posted a net loss of Rs 3.24 crore for the quarter ended 30 September 2006, compared to a net loss of Rs 5.27 crore for the corresponding quarter previous year. Total income increased to Rs 46.55 crore (Rs 41.62 crore).
The 95% marketwide position limit has been breached in the counter.As many as 29,667 shares changed hands in the counter on BSE, slipping to a low of Rs 224.10 in early trade.The stock witnessed a steady rally from Rs 211.50 on 19 October, to advance to Rs 230.35 by 8 November 2006, as buying continued.
In late-October, NDTV’s board approved a new model to expand beyond news. NDTV will develop a bouquet of channels providing entertainment and lifestyle content, and initiate a major thrust in new media, including the Internet. It will also set up a company called NDTV Ventures to undertake new initiatives that will include a Hindi mass entertainment channel, four metro channels (airing news, entertainment and sports) and regional business channels in partnership with local players.
Recently, NDTV acquired the broadcasting rights for 10 years for international boxing in India, under its plans to expand beyond the news genre. Its entertainment channel will be, to begin with, free to air.
In March, NDTV entered into a joint venture with Genpact to offer services like editing and digitisation. A joint statement said that 70% of all media work is now in the digital format, and about 70% of that could be outsourced. The joint venture intends to capitalise this untapped market.
NDTV operates news channels in Hindi and English. It had, through its 100% subsidiary NDTV News, acquired minority stake in Radio Today, which operates FM radio channel `Red FM' in Mumbai, Delhi, and Kolkata.
NDTV posted a net loss of Rs 3.24 crore for the quarter ended 30 September 2006, compared to a net loss of Rs 5.27 crore for the corresponding quarter previous year. Total income increased to Rs 46.55 crore (Rs 41.62 crore).
posted by SY at 4:58 PM
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