Den Networks spurts as FII up their stake to 20.32% in Q2FY15

22 Oct 2014 Evaluate

Den Networks is currently trading at Rs. 175.65, up by 8.40 points or 5.02 % from its previous closing of Rs. 167.25 on the BSE.

The scrip opened at Rs 169.80 and has touched a high and low of Rs. 177.15 and Rs. 166.00 respectively. So far 34327 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 246.15 on 02-Jul-2014 and a 52 week low of Rs. 110.45 on 05-Dec-2013.

Last one week high and low of the scrip stood at Rs. 188.75 and Rs. 156.00 respectively. The current market cap of the company is Rs. 3140.77 crore.

The promoters holding in the company stood at 40.05 % while Institutions and Non-Institutions held 22.55 % and 37.41 % respectively.

Foreign institutional investors (FIIs) have increased their stake in Den Networks by 185 basis points to 20.32 percent in Q2FY15 from 18.47% as on June 30, 2014. However, domestic institutional investors (DIIs) have decreased their shareholding in the company by 98 basis points to 2.23% at the end of September 2014 quarter from 3.21% as on June 30, 2014.

Meanwhile, non institutions were holding 37.4 percent stake in the company in Q2FY15 at the end of September 2014 quarter, down 87 basis points from 38.27 percent as on June 30, 2014. While, corporate bodies were holding 9.05 percent stake in the company at the end of September 2014 quarter, down 146 basis points from 10.51 percent as on June 30, 2014. Further, promoters’ shareholding was unchanged at 40.05 percent at the end of September 2014.

DEN Networks is India’s leading cable TV Distribution Company reaching an estimated 13 million households in over 200 cities. The company has been one of the frontrunners in the cable TV digitization process and has over 5.7 million digital cable subscribers. DEN is present in 13 key states across India.

Den Networks Share Price

43.16 0.37 (0.86%)
22-Nov-2024 16:59 View Price Chart
Peers
Company Name CMP
Zee Entertainment 117.15
Sun TV Network 741.15
GTPL Hathway 139.55
Den Networks 43.16
TV Today Network 189.50
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