HT Media gets the 'high' fever!
HT Media gets the 'high' fever!
By Research Desk
about 13 years ago
HT Media is doing extremely well today morning. The stock is up over 8% at Rs.112.80 and this is after having hit a new 52-week high at Rs.123.70. Volumes are huge at over 23,000 shares compared to around 1700 shares over average of past two weeks.
The stock is on a high after the company announced that its Board will meet on 14th May to consider a proposal for buy back of shares. As at 31st March 2013, promoters held 68.84% stake, FIIs hold 13.71%, DIIs hold 6.5% and the balance of 10.95% is held by others.
The company publishes three leading newspapers – Hindustan Times, Hindustan and Mint. It has four radio stations – Fever 104FM in Delhi, Mumbai, Bangalore and Kolkatta. It also owns a few portals on the internet.