Trilogic Digital Media surged 16.15% to Rs 18.70 at 14:44 IST on BSE after the company announced a strategic alliance with ITV Network for entertainment broadcasting.
The company made the announcement during market hours today, 8 October 2015.
Meanwhile, the S&P BSE Sensex was down 226.52 points or 0.84% at 26,809.33.
On BSE, so far 9,539 shares were traded in the counter as against average daily volume of 25,798 shares in the past one quarter.
The stock hit a high of Rs 19.30 and a low of Rs 15.35 so far during the day. The stock had hit a 52-week high of Rs 22.90 on 6 August 2015. The stock had hit a 52-week low of Rs 8.28 on 12 January 2015.
The stock had underperformed the market over the past one month till 7 October 2015, declining 7.47% compared with Sensex's 8.6% rise. The scrip, however, outperformed the market in past one quarter, surging 10.43% as against Sensex's 4.03% fall.
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The small-cap company has equity capital of Rs 23.68 crore. Face value per share is Rs 10.
Trilogic Digital Media (TDML) announced its collaboration with ITV Network. The strategic alliance will see ITV parking its non-news channels with Trilogic and will see the launch of a multi genre entertainment broadcasting network. The first offering from this stable is INSIGHT, which is positioned as the world's first 4k channel which is all set to revolutionize TV viewing in India, TDML said in a statement.
ITV Network is India's fastest growing news network, with two national news channels, four regional news channels, two newspapers and various digital assets.
Trilogic Digital Media's net profit rose 580.5% to Rs 2.79 crore on 14.7% decline in net sales to Rs 17.57 crore in Q1 June 2015 over Q1 June 2014.
Trilogic Digital Media is one of the India's fastest growing broadcast management and audio visual content syndication company, with interests across the spectrum of the television and digital media business.
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