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SITI Cable Network is currently trading at Rs. 21.75, up by 0.80 points or 3.82% from its previous closing of Rs. 20.95 on the BSE.
The scrip opened at Rs. 21.50 and has touched a high and low of Rs. 22.10 and Rs. 21.10 respectively. So far 2,65,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 28.45 on 11-May-2013 and a 52 week low of Rs. 13.05 on 20-Aug-2013.
Last one week high and low of the scrip stood at Rs. 22.10 and Rs. 20.10 respectively. The current market cap of the company is Rs. 983.00 crore.
The promoters holding in the company stood at 63.08% while Institutions and Non-Institutions held 7.36% and 29.57% respectively.
SITI Cable Network, the leading Cable Television service provider in India, has achieved the landmark of 4 million digital customers as on March 31, 2014. Encouraged by the significant improvement in the performance in FY13-14 & to support the aggressive growth plan to grow subscriber base to 10 million in FY 14-15, the promoters have invested additional Rs 243.00 crore in the Business.
As per the approval received from Foreign Investment Promotion Board (FIPB) in March 2013 to raise Rs 324.00 crore from promoter entities, the company has already received first tranche Rs 81.00 crore in March 2013 and this is balance tranche fund of Rs 243.00 crore. With this total promoter shareholding rises to 72.82%. The funds will be utilized primarily for Business expansion and to partially reduce debt.
SITI Cable is the only vertically integrated company in the Cable TV Industry and is known for its strong backend systems & processes. Backed by Strong Management team, the company is always on the forefront to harness the latest technology and maintain the healthy commercial relations with its business partners.
| Company Name | CMP |
|---|---|
| Zee Entertainment | 123.20 |
| Sun TV Network | 756.75 |
| GTPL Hathway | 149.15 |
| Den Networks | 48.54 |
| TV Today Network | 202.90 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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