Balaji Telefilms share price surged 14.25 per cent to hit intraday high of Rs.103 after its board approved demerger of Balaji Motion Pictures, its film production unit, and amalgamation of Bolt Media.
The company said that the demerger of the film production undertaking of Balaji Motion Pictures into Balaji Telefilms would enable collaboration of the film production business of Balaji Motion Pictures with Balaji Telefilms. The company added that Bolt Media was in a similar line of business as Balaji Telefilms and its amalgamation would help in focused and effective utilisation of the production activities.
The streamlining of the group structure won’t affect the share capital of Balaji Telefilms as both the entities are wholly-owned subsidiaries of the company.As of 10:58 a.m., Balaji Telefilms share price traded 10.6 per cent higher at Rs. 99, outperforming the Nifty which was trading on a flat note. The stock opened at Rs.99 from a previous closing of Rs.90.45.
The stock has an ADM or Average Daily Movement of 5.45. Its average volume of 20 days stands at 129446. The market cap of Balaji Telefilms amounts to Rs. 686.79 (Cr) while the book value stands at 68.97.
Key Financial Ratios of Balaji Telefilms :
| Sl no. | Name | Ratio |
| 1 | Current Ratio (x) | 4.78 |
| 2 | Quick Ratio (x) | 3.11 |
| 3 | Dividend yield (%) | 1.32 |
| 4 | Interest Coverage ratio (x) | 3098.80 |
| 5 | Debt equity ratio (x) | 0 |
| 6 | Return on Asset (%) | 0.74 |
| 7 | Return on Equity (%) | 0.53 |
Please pay a visit to Balaji Telefilms share price history for more details on the fundamentals of the stock and its resistance and support levels.
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