HT Media gets the 'high' fever!
By
Research Desk
about 12 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.