Hathway, Den Network rally up to 20% on Jio GigaFiber launch buzz, PVR dips

Shares of LCOs including Hathway cables and Datacom, Den Networks and GTPL Hathway zoomed in the range of 5 to 20% during the morning deals on the BSE while those of PVR & INOX Leisure slipped up 10%

Stocks of local cable operators (LCOs) gained during the morning deals on the BSE on Tuesday while those of movie service providers tanked after Reliance Industries announced roll out of its set top box (STB), backed by Reliance Jio, and Jio GigaFiber which would provide ‘Jio First Day, First Show’ to Jio customers. 

Shares of LCOs including Hathway cables and Datacom, Den Networks and GTPL Hathway zoomed in the range of 5 to 20 per cent. Those of PVR and INOX Leisure, however, slipped up to 10 per cent.

During its 42nd annual general meeting (AGM), oil-to-chemicals conglomerate Reliance Industries said