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Maruti Suzuki India gains after strong Q3 results
Jan 25,2017

The result was announced during trading hours today, 25 January 2017.

Meanwhile, the BSE Sensex was up 196.17 points, or 0.72%, to 27,571.75.

On the BSE, so far 55,000 shares were traded in the counter, compared with average daily volumes of 70,047 shares in the past one quarter. The stock had hit a high of Rs 5,800 and a low of Rs 5,718.50 so far during the day.

The stock hit a record high of Rs 5,972 on 1 November 2016. The stock hit a 52-week low of Rs 3,202.10 on 29 February 2016. The stock had outperformed the market over the past 30 days till 24 January 2017, rising 11.12% compared with the 6.08% rise in the Sensex. The scrip had underperformed the market in past one quarter, falling 2.26% as against Sensexs 1.66% decline.

The large-cap company has equity capital of Rs 151.04 crore. Face value per share is Rs 5.

Maruti Suzuki India said it sold a total of 3,87,251 vehicles in Q3 December 2016, a growth of 3.5% over Q3 December 2015. Of this, exports stood at 30,748 units.

The companys operating earnings before interest, tax, depreciation and amortization (EBITDA) rose 16% to Rs 2489 crore in Q3 December 2016 over Q3 December 2015.

Increase in share of the companys higher segment models, lower sales promotion and marketing expense, cost reduction efforts and higher non-operating income contributed to increase in profits. This was partially offset by the increase in commodity prices and adverse foreign exchange movement during the quarter, the company said in a statement.

Maruti Suzuki India is Indias biggest car maker in terms of market share. Japanese parent Suzuki Motor Corporation currently holds 56.21% stake in Maruti (as per the shareholding pattern as on 31 December 2016).

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Volumes jump at TAAL Enterprises counter
Jan 25,2017

TAAL Enterprises clocked volume of 8.17 lakh shares by 12:56 IST on BSE, a 477.96-times surge over two-week average daily volume of 2,000 shares. The stock rose 6.98% to Rs 202.95.

ISMT notched up volume of 1.40 crore shares, a 291.13-fold surge over two-week average daily volume of 48,000 shares. The stock rose 19.96% to Rs 12.86.

Texmaco Infrastructure & Holdings saw volume of 68.23 lakh shares, a 227.96-fold surge over two-week average daily volume of 30,000 shares. The stock rose 3.49% to Rs 48.90.

Whirlpool of India clocked volume of 1.84 lakh shares, a 110.15-fold surge over two-week average daily volume of 2,000 shares. The stock rose 2.51% to Rs 940.45.

Sona Koyo Steering Systems saw volume of 12.64 lakh shares, a 7.59-fold rise over two-week average daily volume of 1.67 lakh shares. The stock rose 12.53% to Rs 82.20.

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Bharat Bijlee drops after weak Q3 results
Jan 25,2017

The result was announced after market hours yesterday, 24 January 2017.

Meanwhile, the S&P BSE Sensex was up 144.88 points or 0.53% at 27,520.46.

On the BSE, 7,481 shares were traded on the counter so far as against the average daily volumes of 5,487 shares in the past one quarter. The stock had hit a high of Rs 882.10 and a low of Rs 861.05 so far during the day.

The stock had hit a 52-week high of Rs 1,109.75 on 3 May 2016 and a 52-week low of Rs 660 on 29 February 2016. The stock had outperformed the market over the past one month till 24 January 2017, advancing 19.21% compared with the Sensexs 5.13% rise. The scrip had also outperformed the market over the past one quarter, gaining 11.68% as against the Sensexs 2.85% fall.

The small-cap company has equity capital of Rs 5.65 crore. Face value per share is Rs 10.

Bharat Bijlee is one of the leading electrical engineering companies in India. The companys main business segments are transformers, projects, electric motors, elevator systems and drives & automation.

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TCS gains after collaboration with Gfi Informatique
Jan 25,2017

The announcement was made during trading hous today, 25 January 2017.

Meanwhile, the BSE Sensex was up 148.21 points, or 0.54%, to 27,523.79.

On the BSE, so far 21,000 shares were traded in the counter, compared with average daily volumes of 98,388 shares in the past one quarter. The stock had hit a high of Rs 2,344.50 and a low of Rs 2,318 so far during the day.

The stock hit a 52-week high of Rs 2,740 on 12 August 2016. The stock hit a 52-week low of Rs 2,054.70 on 15 November 2016. The stock had underperformed the market over the past 30 days till 24 January 2017, rising 1.13% compared with the 6.08% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 3.29% as against Sensexs 1.66% decline.

The large-cap IT company has equity capital of Rs 197.04 crore. Face value per share is Re 1.

Tata Consultancy Services (TCS) and Gfi Informatique, a major vendor of value-added IT services and software, announced a proof of concept for the City of Belfort, France using big data analytics to optimize urban bus transportation. The solution is a collaboration between the citys Board of Public Transportation, Gfn++ Informatique and TCS. It will support Belforts smart city strategy, which aims to help local authorities deploy digital transformation projects.

This innovative smart city initiative will help city administrators and public transportation planners make more informed decisions through insights from historical and real time data. Both companies have worked with the city to enhance the capture and treatment of large amounts of information using big data analytics solutions designed specifically to help public sector customers, with the overall goal of driving further digital in novation across the city.

On a consolidated basis, TCS net profit rose 3.20% to Rs 6814 crore on 1.54% increase in net sales to Rs 29735 crore in Q3 December 2016 over Q2 September 2016.

TCS is an IT services, consulting and business solutions organization.

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Tata Metaliks declines after announcing weak Q3 results
Jan 25,2017

The announcement was made after market hours yesterday, 24 January 2017.

Meanwhile, the BSE Sensex was up 133.18 points, or 0.49%, to Rs 27,509.33.

On the BSE, 30,000 shares were traded on the counter so far as against the average daily volumes of 1.11 lakh shares in the past one quarter. The stock had hit a high of Rs 353.50 and a low of Rs 347.50 so far during the day.

The stock had hit a record high of Rs 512.90 on 22 July 2016 and a 52-week low of Rs 78 on 12 February 2016. The stock had outperformed the market over the past one month till 24 January 2017, advancing 10% compared with the Sensexs 5.13% rise. The scrip had, however, underperformed the market over the past one quarter declining 15.85% as against the Sensexs 2.85% fall.

The small-cap company has equity capital of Rs 25.29 crore. Face value per share is Rs 10.

Tata Metaliks is a producer of foundry grade pig iron.

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MOIL slips below OFS floor price
Jan 25,2017

Meanwhile, the S&P BSE Sensex was up 138.86 points or 0.51% at 27,514.44.

On the BSE, 91,000 shares were traded on the counter so far as against the average daily volumes of 99,572 shares in the past one quarter. The stock had hit a high of Rs 365 and a low of Rs 358.65 so far during the day.

The stock had hit a 52-week high of Rs 429 on 12 January 2017 and a record low of Rs 180.10 on 12 February 2016. The stock had underperformed the market over the past one month till 24 January 2017, advancing 4.57% compared with the Sensexs 5.13% rise. The scrip had, however, outperformed the market over the past one quarter, gaining 20.8% as against the Sensexs 2.85% fall.

The mid-cap company has equity capital of Rs 133.19 crore. Face value per share is Rs 10.

The Government of India (GoI) is selling up to 1.33 crore equity shares of the company, representing 10% of the total paid up equity share capital of the company in two trading sessions viz. for non-retail investors on 24 January 2017 and for retail investors and non-retail investors who choose to carry forward their un-allotted bids on 25 January 2017, through a separate designated window on the stock exchanges. The GoI held 66.21% stake in MOIL as per the shareholding pattern as on 31 December 2016.

The floor price for the offer for sale (OFS) was fixed at Rs 365 per share. Retail investors will be allocated shares at a discount of 5% to the cut off price.

On the second day of the bidding for OFS today, 25 January 2017, as at 11:45 IST, bids were received for 18.40 lakh shares from the retail investors as against offer size of 26.63 lakh shares for this category of investors, representing a subscription of 69.11%. The OFS received good response from non-retail investors category yesterday, 24 January 2017, with an oversubscription of 150.91%. The stock had declined 3.78% to settle at Rs 368.25 yesterday, 24 January 2017.

MOILs net profit declined 14.6% to Rs 41.47 crore on 32.1% rise in net sales to Rs 196.03 crore in Q2 September 2016 over Q2 September 2015.

State-run MOIL produces and sells different grades of manganese ore.

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Sona Koyo Steering spurts on buzz Japanese partner may take over
Jan 25,2017

Meanwhile, the BSE Sensex was up 127.57 points, or 0.47%, to 27,503.15.

On the BSE, so far 9.90 lakh shares were traded in the counter, compared with average daily volumes of 74,401 shares in the past one quarter. The stock had hit a high of Rs 85.80 so far during the day, which is also a record high for the counter. The stock had hit a low of Rs 79 so far during the day.

The stock hit a 52-week low of Rs 37.15 on 12 February 2016. The stock had outperformed the market over the past 30 days till 24 January 2017, rising 22.16% compared with the 6.08% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 9.68% as against Sensexs 1.66% decline.

The small-cap company has equity capital of Rs 19.87 crore. Face value per share is Re 1.

According to reports, Japanese auto-component maker JTEKT Corporation is set to buy out Indian partner Sona Groups 25% stake in Sona Koyo Steering Systems for Rs 575-625 crore, ending their 32-year-old partnership. JTEKT is believed to have offered the Kapur family, which owns the Sona group, Rs 115-125 per share, valuing the joint venture company at Rs 2300-2500 crore. The reported offer price is almost 50% premium to the ruling market price of Sona Koyo Steering Systems.

As on 31 December 2016, Sona Autocomp Holding held 25.115% stake, while JTEKT Corporation held 20.1% stake in Sona Koyo Steering Systems. Maruti Suzuki India, which is a key customer of the company, held 6.944% stake in the Indian company.

This proposed buyout is in line with the strategy of Japanese auto-component makers who are trying to consolidate their presence in India by buying out their local partners, reports added.

On a consolidated basis, net profit of Sona Koyo Steering Systems fell 7.51% to Rs 6.16 crore on 0.55% decline in net sales to Rs 385.06 crore in Q2 September 2016 over Q2 September 2015.

Sona Koyo Steering Systems is the largest manufacturer of steering systems in India, catering to passenger cars, utility vehicles and light commercial vehicles. Sona Koyo has technical and financial collaboration with JTEKT Corporation, Japan (formally known as Koyo Seiko Co.), the largest producer of passenger vehicles steering systems in the world. Sona Koyos customers include major vehicle manufactures in India such as Maruti Suzuki, Toyota, Hyundai, Tata Motors, Mahindra & Mahindra, General Motors and Ford.

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Strong Q3 earnings boost Gandhi Special Tubes
Jan 25,2017

The announcement was made after market hours yesterday, 24 January 2017.

Meanwhile, the S&P BSE Sensex was up 129.26 points or 0.47% at 27,504.84.

On the BSE, 12,000 shares were traded on the counter so far as against the average daily volumes of 1,214 shares in the past one quarter. The stock had hit a high of Rs 340 and a low of Rs 321 so far during the day.

The stock had hit a record high of Rs 350 on 29 July 2016 and a 52-week low of Rs 200 on 21 March 2016. The stock had underperformed the market over the past one month till 24 January 2017, advancing 2.35% compared with the Sensexs 5.13% rise. The scrip had also underperformed the market over the past one quarter, sliding 8.41% as against the Sensexs 2.85% fall.

The small-cap company has equity capital of Rs 7.35 crore. Face value per share is Rs 5.

Gandhi Special Tubes is engaged in manufacturing and marketing of seamless and welded steel tubes.

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Automotive Stampings hits 52-week high after reporting turnaround in Q3
Jan 25,2017

The announcement was made after market hours yesterday, 24 January 2017.

Meanwhile, the BSE Sensex was up 135.38 points or 0.49%, to Rs 27,510.96.

More than usual volumes were witnessed on the counter. On the BSE, 42,000 shares were traded on the counter so far as against the average daily volumes of 4,976 shares in the past one quarter. The stock had hit a high of Rs 73.25 so far during the day, which is also its 52-week high. The stock had hit a low of Rs 67 so far during the day.

The stock had hit a 52-week low of Rs 32.20 on 29 March 2016. The stock had outperformed the market over the past one month till 24 January 2017, advancing 8.26% compared with the Sensexs 5.13% rise. The scrip had, however, underperformed the market over the past one quarter declining 5.43% as against the Sensexs 2.85% fall.

The small-cap company has equity capital of Rs 15.86 crore. Face value per share is Rs 10.

Automotive Stampings and Assemblies net sales fell 2.4% to Rs 62.80 crore in Q3 December 2016 over Q3 December 2015.

Automotive Stampings and Assemblies is a manufacturer and supplier of sheet metal components, welded assemblies and modules for automobiles.

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Infibeam spurts after board OKs preferential issue of warrant
Jan 25,2017

The announcement was made after market hours yesterday, 24 January 2017.

Meanwhile, the BSE Sensex was up 130.18 points, or 0.48%, to 27,505.76.

On the BSE, so far 1.22 lakh shares were traded in the counter, compared with average daily volumes of 1.14 lakh shares in the past one quarter. The stock had hit a high of Rs 1,310 so far during the day, which is also a record high for the counter. The stock had hit a low of Rs 1,160 so far during the day.

The stock hit a 52-week low of Rs 431.35 on 8 April 2016. The stock had underperformed the market over the past 30 days till 24 January 2017, falling 0.36% compared with the 6.08% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 34.04% as against Sensexs 1.66% decline.

The mid-cap company has equity capital of Rs 53.39 crore. Face value per share is Rs 10.

Infibeam Incorporation said that its board at the meeting duly held yesterday, 24 January 2017, approved issuing one warrant for an aggregate amount not exceeding Rs 60 crore to Bennett Coleman and Company on preferential basis. The warrant is fully convertible into equity shares at Rs 1,375 each (including premium). The proposal is subject to approval of the shareholders of the company in the ensuing extra-ordinary general meeting (EGM) to be held on 22 February 2017.

Further, the company will seek shareholders approval for increasing the limits of inter corporate loans/investments/guarantee, etc. from exiting limit of Rs 1000 crore to Rs 3000 crore. Further, the company will obtain approval for creating charge/mortgage on the companys assets from existing limit of Rs 1000 crore to Rs 3000 crore. The company will also seek shareholders approval for increasing the borrowing limits from Rs 1000 crore to Rs 3000 crore or the aggregate of the paid up capital and free reserves of the company.

On a consolidated basis, net profit of Infibeam Incorporation rose 122.84% to Rs 8 crore on 31.43% rise in net sales to Rs 114.37 crore in Q2 September 2016 over Q2 September 2015.

Infibeam Incorporation is an e-commerce company.

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Biocon moves higher after strong Q3 earnings
Jan 25,2017

The announcement was made after market hours yesterday, 24 January 2017.

Meanwhile, the S&P BSE Sensex was up 107.56 points or 0.39% at 27,483.14.

On the BSE, 89,000 shares were traded on the counter so far as against the average daily volumes of 75,023 shares in the past one quarter. The stock had hit a high of Rs 1,049 and a low of Rs 1,013 so far during the day.

The stock had hit a record high of Rs 1,052.05 on 12 January 2017 and a 52-week low of Rs 430.80 on 12 February 2016. The stock had outperformed the market over the past one month till 24 January 2017, advancing 7.37% compared with the Sensexs 5.13% rise. The scrip had also outperformed the market over the past one quarter, gaining 2.87% as against the Sensexs 2.85% fall.

The large-cap company has equity capital of Rs 100 crore. Face value per share is Rs 5.

Biocons consolidated earnings before interest, taxation, depreciation and amortization (EBITDA) rose 57% to Rs 324 crore in Q3 December 2016 over Q3 December 2015.

Commenting on the companys quarterly performance, Biocons Chairperson and Managing Director, Kiran Mazumdar-Shaw said, the companys strong performance in Q3 December 2016 was led by robust growth of its biologics business with both insulins and biosimilar MAbs gaining traction in Japan and key emerging markets. The companys small molecules and research services businesses also reported strong growth this quarter, she said.

Separately, Biocon before market hours today, 25 January 2017 announced that the Ministry of Health (MoH), Malaysia, has awarded a three year contract, to its subsidiary, Biocon SDN. BHD., Malaysia, for supplying recombinant human insulin (rh-Insulin) formulations manufactured at its large scale biopharmaceutical facility in Johor, Malaysia. Biocons rh-Insulin is Malaysias first locally manufactured biosimilar biologic product approved by the National Pharmaceutical Regulatory Authority (NPRA), Malaysia, for commercial sales in the country. This marks the commercialization milestone of Biocons first overseas facility in Malaysia.

Biocon SDN. BHD. has been awarded a MYR 300 million (about Rs 460 crore) contract to be serviced over a period of three years for supplying rh-Insulin cartridges and re-usable insulin pens under the Malaysian governments Off-Take Agreement (OTA) initiative, which seeks to encourage local manufacturing of new pharmaceutical products thus lowering the countrys reliance on imports and also enhancing the exports potential. The contract is extendable for additional two years subject to approval by the Government of Malaysia.

Biocon will distribute insulins and insulin delivery devices through CCM Pharmaceuticals, a leading local pharmaceutical player which has an extensive supply chain network to service primary healthcare clinics and hospitals across Malaysia.

Biocon is Indias largest and fully-integrated, innovation-led biopharmaceutical company.

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Siemens gains after winning order
Jan 25,2017

The announcement was made after market hours yesterday, 24 January 2017.

Meanwhile, the BSE Sensex was up 103.95 points, or 0.38%, to 27,479.53.

On the BSE, so far 8,384 shares were traded in the counter, compared with average daily volumes of 19,295 shares in the past one quarter. The stock had hit a high of Rs 1,185 and a low of Rs 1,168.55 so far during the day.

The stock hit a 52-week high of Rs 1,355.40 on 25 July 2016. The stock hit a 52-week low of Rs 969 on 29 January 2016. The stock had outperformed the market over the past 30 days till 24 January 2017, rising 10.92% compared with the 6.08% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 2.65% as against Sensexs 1.66% decline.

The large-cap company has equity capital of Rs 71.22 crore. Face value per share is Rs 2.

Siemens announced that it has won an order worth approximately Rs 366 crore from Oil and Natural Gas Corporation (ONGC). The order includes supply of material for overhauling of 18 power turbines through zero hour overhaul and time continued overhaul.

Net profit of Siemens rose 1025.8% to Rs 2466.95 crore on 7.5% decline in net sales to Rs 2990.30 crore in Q4 September 2016 over Q4 September 2015.

Siemens focuses on the areas of electrification, automation and digitalization. As on 31 December 2016, Siemens AG held 74.16% stake in Siemens.

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Wockhardt slips after weak Q3 results
Jan 25,2017

The announcement was made after market hours yesterday, 24 January 2017.

Meanwhile, the BSE Sensex was up 125.24 points, or 0.46%, to 27,500.82.

On the BSE, so far 72,000 shares were traded in the counter, compared with average daily volumes of 1.92 lakh shares in the past one quarter. The stock had hit a high of Rs 671.70 and a low of Rs 656.60 so far during the day.

The stock hit a 52-week high of Rs 1,296 on 29 January 2016. The stock hit a 52-week low of Rs 627 on 27 December 2016. The stock had outperformed the market over the past 30 days till 24 January 2017, rising 7.40% compared with the 6.08% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 20.92% as against Sensexs 1.66% decline.

The mid-cap company has equity capital of Rs 55.27 crore. Face value per share is Rs 5.

Wockhardts total income dropped 10.34% to Rs 1000.81 crore in Q3 December 2016 over Q3 December 2015. Sales fell 7.44% to Rs 995 crore in Q3 December 2016 over Q3 December 2015.

Earnings before interest, tax, depreciation and amortization (EBITDA) fell 75.68% to Rs 18 crore in Q3 December 2016 over Q3 December 2015. EBITDA margin was reported at 1.8% in Q3 December 2016, lower than 6.9% in in Q3 December 2015.

The companys performance during the quarter was affected by subdued business in US market, demonetisation in India and continued remediation costs. UK Business in GBP terms grew by 2% in Q3 December 2016 over Q3 December 2015. India Business of the company grew by 5% in Q3 December 2016 over Q3 December 2015. However, India business during the quarter was de-grown by 18% in Q3 December 2016 over Q2 September 2016 mostly on account of demonetisation.

Wockhardt is a global pharmaceutical and biotech company with presence in USA, UK, Ireland, Mexico, Russia and many other countries.

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Bharti Airtel declines after poor Q3 results
Jan 25,2017

The result was announced after market hours yesterday, 24 January 2017.

Meanwhile, the S&P BSE Sensex was up 91.44 points or 0.33% at 27,467.02.

On the BSE, 72,000 shares were traded on the counter so far as against the average daily volumes of 1.40 lakh shares in the past one quarter. The stock had hit a high of Rs 312.95 and a low of Rs 304.10 so far during the day.

The stock had hit a 52-week high of Rs 384.90 on 28 April 2016 and a 52-week low of Rs 282.30 on 29 January 2016. The stock had outperformed the market over the past one month till 24 January 2017, advancing 7.06% compared with the Sensexs 5.13% rise. The scrip had also outperformed the market over the past one quarter, gaining 3.21% as against the Sensexs 2.85% fall.

The large-cap company has equity capital of Rs 1998.70 crore. Face value per share is Rs 5.

Bharti Airtels consolidated total revenue on an underlying basis adjusted for Africa divested operating units, tower assets sale and merger of Bangladesh operations declined 3% to Rs 23336 crore in Q3 December 2016 over Q3 December 2015.

The companys consolidated earnings before interest, taxation, depreciation and amortization (EBITDA) rose 1.1% to Rs 8570 crore in Q3 December 2016 over Q3 December 2015. EBITDA margin edged up by 1.5% year-on-year at 36.7% in Q3 December 2016, led by Africa margin expansion of 4.9% on an underlying basis.

Bharti Airtels MD and CEO for India & South Asia, Gopal Vittal said, the quarter has seen turbulence due to the continued predatory pricing by a new operator. The present termination costs at 14 paise which are well below cost has resulted in a tsunami of minutes terminating into Airtels network. This has led to an unprecedented year-on-year revenue decline for the industry, pressure on margins and a serious impact on the financial health of the sector.

Vittal added that at the same time revenue market share of Airtel has crossed a lifetime high of 33%.

Bharti Airtels board in its meeting held yesterday, 24 January 2017, approved issuance of non-convertible debentures (NCDs) on a private placement basis. The outstanding under these NCDs shall at all times be within the overall borrowing limits and be subject to a cap of Rs 10000 crore.

Bharti Airtel is a leading global telecommunications company with operations in 18 countries across Asia and Africa.

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Zee drops after reporting tepid top line growth in Q3
Jan 24,2017

The result was announced during market hours today, 24 January 2017.

Meanwhile, the S&P BSE Sensex was up 252.13 points or 0.93% at 27,369.47.

On the BSE, 1.59 lakh shares were traded on the counter so far as against the average daily volumes of 1.22 lakh shares in the past one quarter. The stock had hit a high of Rs 488.60 and a low of Rs 473.50 so far during the day.

The stock had hit a 52-week high of Rs 588.80 on 3 October 2016 and a 52-week low of Rs 350.15 on 17 February 2016. The stock had outperformed the market over the past one month till 23 January 2017, advancing 9.21% compared with the Sensexs 4.13% rise. The scrip had, however, underperformed the market over the past one quarter, declining 7.4% as against the Sensexs 3.42% fall.

The large-cap company has equity capital of Rs 96.04 crore. Face value per share is Rs 1.

On a consolidated basis, Zee Entertainment Enterprises (ZEEL) advertising revenue rose 3.4% to Rs 955.40 crore in Q3 December 2016 over Q3 December 2015. Subscription revenue grew by 13.7% to Rs 593.50 crore in Q3 December 2016 over Q3 December 2015.

Dr. Subhash Chandra, Chairman, ZEEL, commented that the companys growth in advertising revenues and subscription revenues remained strong. Chandra believes that the adverse impact of demonetization is transient and with a strong portfolio of national and regional channels, the company is confident of delivering sustainable growth.

Zee Entertainment Enterprises is one of Indias leading television media and entertainment companies.

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