Zee Telefilms bucks the trend, surges 7%

DALAL STREET SPIKES

The Zee Telefilms scrip was up 6.96 per cent to Rs 188.25 as compared with its previous close of Rs 176. Around 36.6 lakh shares were traded on the BSE today. The volumes in the scrip have jumped significantly in the past couple of sessions.

Last month, the company proposed to transfer the company's news and current affairs wing to Zee News. Recently, Zee Telefilms denied media reports about plans to hive off their cable TV unit into a separate company.

On a consolidated basis, for the quarter ended September 2005, the company's sale jumped 24.64 per cent to Rs 347.09 crore compared to Rs 278.69 crore in the previous year for the same quarter.