Reliance MediaWorks jumped 15.09% to Rs 53.40 at 11:08 IST on BSE, ahead of the company's board meeting today, 20 January 2014, to consider delisting of equity shares of the company.
Meanwhile, the S&P BSE Sensex was up 122.23 points or 0.58% at 21,185.85
On BSE, so far 6.21 lakh shares were traded in the counter as against average daily volume of 1.02 lakh shares in the past one quarter.
The stock hit a high of Rs 55.65 and low of Rs 52 so far during the day. The stock had hit a 52-week high of Rs 72.63 on 17 January 2013. The stock had hit a 52-week low of Rs 36.90 on 7 August 2013.
The stock had underperformed the market over the past one month till 17 January 2014, falling 4.23% compared with the Sensex's 2.19% rise. The scrip had, however, outperformed the market in past one quarter, rising 5.69% as against Sensex's 3.17% rise.
The small-cap company has equity capital of Rs 96.60 crore. Face value per share is Rs 5.
Reliance MediaWorks after market hours on Friday, 17 January 2014 said that its board of directors would meet today, 20 January 2014, inter alia, to consider delisting of equity shares of the company from the Stock Exchanges. Promoters owned 73.3% stake in Reliance MediaWorks (as per the shareholding pattern as on 30 September 2013).
Reliance MediaWorks reported consolidated net loss of Rs 121.99 crore in the quarter ended 30 September 2013, lower than net loss of Rs 231.32 crore in the quarter ended 30 September 2012. Net sales declined 13.38% to Rs 182.11 crore in the quarter ended 30 September 2013 over the quarter ended 30 September 2012.
Reliance MediaWorks is a film and entertainment services company.
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