India's TV Today Network falls most in 6-mths as Q4 profit plummets

TV Today Network

16/05/2023 10:39

** Shares of TV Today Network Ltd  TVTO.NS  fall as much as
8.2% to 189 rupees, their biggest intraday pct loss since Nov.
14, 2022
    ** Owners of Aaj Tak news channel reported 83.6% fall in
March-qtr net profit to 58.5 mln rupees ($715,333.82), revenue
fell 10.4% 
    ** Stock trading below its 50-, 100-, and 200-day moving
averages
    ** Trading volume at ~288,600 shares, 2x the 30-day avg of
~146,300 shares as of 2:50 p.m. IST 
    ** Stock last down 1.4% this year, snapping gains of ~7% up
to last close



($1 = 81.7800 Indian rupees)

 (Reporting by Biplob Kumar Das in Bengaluru)
 ((Biplobkumar.das@thomsonreuters.com))