India's NDTV slides most in over a year on Q2 profit fall

New Delhi Television

23/10/2023 10:36

** Shares of Adani-owned New Delhi Television  NDTV.NS  down
as much as 7.19% to 193.65 rupees, their lowest since May 22 
    ** Stock hits sharpest intraday pct loss since July 26, 2022
    ** Television media company reports an over 50% fall in
Sept-qtr profit due to advertising cuts by businesses, rev from
ops falls nearly 10%
    ** Over 375,000 shares change hands as of 2:58 p.m. IST,
1.2x 30-day average
    ** Stock last down 6%; it fell 8.3% in Q2 vs 30% rise in
Nifty Media index  .NIFTYMED  

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))