ITV

Tag: Entertainment Network India

  • Media stocks hold the mic as markets crash in Trump tariff meltdown

    Media stocks hold the mic as markets crash in Trump tariff meltdown

    MUMBAI: Even as the Bombay stock exchange tanked five plus per cent  in the morning on Trump tariff meltdown Monday, Indian media and entertainment stocks shed just one to three per cent of their values at the time of trading at 3:30 pm. Sun TV was trading at Rs 638  a gain 0.83 per cent over  its previous weekend closing of Rs 632.75. TV Today network was up 1.65 per cent toto trade at Rs 160.40. On the flip side, a few media players were caught in the downward spiral. Entertainment Network India – the operator of Radio Mirchi – cut 2.06 per cent to stand at Rs 132.80. GTPL Hathway declined 3.69 per cent to Rs 105.75 even as Hathway dropped 3.16 per cent to Rs 12.58. Dish TV fell by 2.61 per cent to Rs 5.60.

    The advertising sector, however, bore the brunt of the market tremors. Advertising agency RK Swamy lopped off 10 per cent to trade at Rs 199.15 from its previous days closing of 223.50. Bright Outdoor clipped 4.36 per cent at Rs 449.50 as against Signpost which went negative to the tune of 7.36 per cent to trade at Rs 235.40. Innokaiz India dropped to Rs 13.56 with a 4.98 per cent fall. Maxposure saw a 5.76 per cent decline settling at Rs 57.30. Meanwhile, DAPS Advertising India saw a dip of 2.86 per cent to Rs 17.00. (At around 4 pm, may vary according to the market)

    Despite the broader bloodbath on Dalal Street, the relatively cushioned fall of media and entertainment stocks could indicate investor confidence in the sector’s long-term fundamentals, or perhaps just temporary insulation from global trade frictions. Either way, for now, the M&E sector is holding its script, even as the markets slip into drama mode.  

  • Mirchi launches new show ‘Sunday Suspense Hindi’

    Mirchi launches new show ‘Sunday Suspense Hindi’

    Mumbai: Music and entertainment company Mirchi has launched its new show “Mirchi Sunday Suspense Hindi.” The radio show presents dramatic readings from Indian literature across suspense, crime, horror genres and it airs every Sunday between 3 p.m and 4 p.m on Radio Mirchi.

    The forty-minute-long show will be aired in Maharashtra, Madhya Pradesh, Chhattisgarh, Gujarat, Uttar Pradesh, Rajasthan, Delhi, North Bengaluru, and Mangalore, as well as in international markets including UAE and the USA. It will also be available to stream on Spotify, along with two other Mirchi IPs – “Sunday Suspense Bangla” and “Calling Karan: Season 1 and 2,” said the company in a statement.

    The show features famous stories by celebrated authors namely, Satyajit Ray, Conan Doyle, and Sharadindu Bandyopadhyay, bringing to life their works through a play of sounds, music, and background scores, it added.

    “The launch of Sunday Suspense is an effort in this direction whereby we are not only launching fresh formats on the radio but also providing some nail-biting, dramatised renditions of horror and crime stories from Indian literature,” said Entertainment Network India Ltd executive president Nandan Srinath. “The popularity of Sunday Suspense Bangla strengthens our confidence in this new show and we are looking forward to our listeners’ response to it. We are also happy to have partnered with Spotify as this will enable our discerning consumers to access our content 24*7.”

    Listeners can catch repeats of “Mirchi Sunday Suspense Hindi” every following Wednesday post-midnight or Saturday at 11 a.m.

  • Media scrips soar as Sensex recovers

    Media scrips soar as Sensex recovers

    MUMBAI: Bucking the trend of a sustained dip over the last few days, the Bombay Stock Exchange (BSE) benchmark Sensex gained over 345 points today, recording the biggest single day gain for the month. The bounce back was fuelled by massive buying by foreign and domestic funds even as global markets firmed up.

    The Sensex closed at 10,352.94, after touching an intra-day high of 10,409.58 points. The National Stock Exchange (NSE) index Nifty registered a gain of 90.30 points and closed at 3,023.05.

    Among the media stocks, Sun TV recorded the maximum gain on the back of healthy FY06 results. Inspired by an almost 70 per cent jump in net profits, the Sun TV scrip closed at 1,083.60 in the BSE, higher by Rs 38.10. At the National Stock Exchange (NSE), it ended the day’s trade at 1,085.50 with a gain of Rs 35.30. The rally was significant as the scrip had tumbled yesterday from Rs 1099 to Rs 1045, a fall of Rs 54.

    In the media block, TV18 scored the next best gain for the day, going up by Rs 35.70 to close at Rs 578 on the BSE. At the NSE, it gained Rs 36.7 to reach 577.35 points. TV18 has been maintaining a steady run since a long time. Since the last one month, the scrip has gone up by Rs 92 at the BSE.

    UTV Software Communications, riding on the market expectations of an equity deal with an international major, gained Rs 14.35 at the BSE today, to close at 165.65 points. At the NSE, it gained Rs 13.00 to touch Rs 164.45. Gemini Communications rose Rs 14.7 at the BSE, to reach 396. Navneet Publications gained Rs 10.45 at the BSE and Rs 11.45 at the NSE to close at 278.55 and 279.30 respectively. Hinduja TMT recorded a gain of Rs 9.8 to close at 479.75 at the BSE.

    Other prominent media scrips which also recorded gains for the day included NDTV, Zee Telefilms, Entertainment Network India, Adlabs Films and Balaji Telefilms. However, Saregama India was the only major loser as the scrip dipped by Rs 7.3, to close at 142.45 at the BSE.