India's TV18 Broadcast jumps on higher quarterly profit

TV18 Broadcast

22/04/2021 07:57

** Shares of the television channel operator  TVEB.NS  rise
as much as 12.2% to 30.90 rupees - set for biggest one-day
percentage gain in over 10 months, if current gains hold
    ** TV18 Broadcast on Tuesday reported its March-quarter
profit had more than doubled to 1.66 billion rupees  urn:newsml:reuters.com:*:nFWN2MD10B
    ** Co also reported quarterly operating margin of 20.7%, its
highest ever
    ** More than 22.7 million shares had exchanged hands in
mid-day trade, 2.4 times their 30-day moving average
    ** Including session's gains, TVEB stock has erased YTD
losses and is flat on the year

 (Reporting by Shivani Singh in Bengaluru)
 ((ShivaniSingh1@thomsonreuters.com; +91 89 6969 2349))