Eros International Media fell 5.24% to Rs 165.50 at 12:46 IST on BSE, with the stock sliding on profit booking after the company said that its Trinity Pictures is now ready with its first slate of films across new and exciting genres.
The announcement was made during market hours today, 21 March 2016.Meanwhile, the S&P BSE Sensex was up 144.45 points or 0.58% at 25,097.19.
On BSE, so far 1.27 lakh shares were traded in the counter as against average daily volume of 2.07 lakh shares in the past one quarter. The stock hit a high of Rs 171.50 and a low of Rs 165.20 so far during the day. The stock had hit a 52-week low of Rs 125.90 on 29 February 2016. The stock had hit a record high of Rs 644.40 on 20 July 2015. The stock had outperformed the market over the past one month till 18 March 2016, surging 17.57% compared with Sensex's 5.51% rise. The scrip had, however, underperformed the market in past one quarter, sliding 32.84% as against Sensex's 2.22% fall.
The small-cap company has equity capital of Rs 93.58 crore. Face value per share is Rs 10.
Shares of Eros International Media surged 11.74% in preceding two trading sessions to settle at Rs 174.65 on Friday, 18 March 2016, from its close of Rs 156.35 on 16 March 2016.
Eros International Media had set up Trinity Pictures in February 2015 as India's first and only franchise feature studio. Trinity's initial lineup includes a range of character-driven franchises across budgets, genres and languages, Eros said. With Trinity's launch, the studio is looking at expanding new film markets which includes opening of one of the biggest markets in world viz. China, Eros added.
On consolidated basis, Eros International Media's net profit fell 65.5% to Rs 37.77 crore on 31.7% decline in net sales to Rs 335.38 crore in Q3 December 2015 over Q3 December 2014.
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Eros International Media is a leading global company in the Indian film entertainment industry that acquires, co-produces and distributes Indian films across all available formats such as cinema, television and digital new media.
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