Den Networks is currently trading at Rs. 88.30, down by 4.85 per cent from its previous closing of Rs. 92.80 after the company witnessed an unsteady quarter. The scrip opened at Rs. 93.70 and has touched a high and low of Rs. 94 and Rs. 87.50 respectively.
The company has registered a net loss of Rs 72.12 crore for third quarter ended December 31, 2016 as against a net loss of Rs 57.59 crore for the corresponding quarter in the previous year. Total income of the company rose by 55.17 per cent at Rs 257.41 crore for the quarter under review versus Rs 165.89 crore for the same quarter previous year.
On the consolidated basis, the company has clocked a net loss after tax, Minority Interest and Share of profit / (Loss) of Associates and Joint Ventures of Rs 45.10 crore for the quarter ended December 31, 2016 as against a net loss of Rs 87.39 crore for the same quarter in the last year. Total income of the company grew by 28.06 per cent to Rs 311.09 crore for quarter under review from Rs 242.92 crore for the quarter ended December 31, 2015.
The stock has a face value Rs. 10 has touched a 52 week high of Rs.103.55 on 1st April ’16 and a 52 week low of Rs. 59.60 on 30th Nov ‘16. Last one week high and low of Den Networks share price stood at Rs. 94.50 and Rs. 84.40 respectively. The current market cap of the company is Rs. 1800.56 (Cr).
The promoters holding in the company stood at 36.78 per cent, while institutions and non-institutions held 49.86 per cent and 13.36 per cent respectively.
Den Networks is one of the top 500 stocks for this quarter as identified by Dynamic Levels.For further details on the stock, refer to Den Networks share price history.
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