Den Networks slips Post Q3 Numbers

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 1^st April ’16 and a 52 week low of Rs. 59.60 on 30^th 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.

Den Networks Gain Over 13% at NSE

DEN is India's top cable TV distribution company reaching an estimated 13 million households in over 200 cities across 13 key states in India and is existing in Delhi, Uttar Pradesh, Karnataka, Maharashtra, Gujarat, Rajasthan, Haryana, Kerala, West Bengal, Jharkhand, Bihar, Madhya Pradesh and Uttarakhand. DEN has a principal presence across the economically important Hindi Speaking Markets (HSM) belt and has a leading market share in the cities that it operates in.

Today, Den Networks share price gained over 13 per cent at NSE to trade at the intraday high of Rs. 82.20.

Recently, Den Network had posted it Q2 result for the September quarter, displaying the shrink in its net loss as compared to that of the corresponding quarter in the last financial year. The company has also posted its shareholding pattern for the December quarter.

To Read More: https://www.dynamiclevels.com/en/current-news/den-networks-share-price-170113114912

Den Networks Share Price Surges on Good Q2 Results

Cable television services firm Den Networks reported a consolidated net loss of Rs 47.87 cr for the quarter ended September (Q2). The company had reported a consolidated net loss of Rs 75.23 cr in the July-September period of the last fiscal.

Its total income from operations during the quarter under review edged higher to Rs 272.44 cr as compared to Rs 271.29 cr in the year-ago period, Den Networks said in a BSE filing.

Meanwhile, Den Networks share price opened at Rs 67 apiece on the NSE and surged almost 6 per cent intraday. At 10:06 am, the day’s high stood at Rs 72.45 while the day’s low read at Rs 66.05.

Important Fundamentals:

Sector	MEDIA-ENTERTAINMENT
Face Value (Rs.)	10
52 Week High (Rs.)	113.80 (04-Jan-16)
52 Week Low (Rs.)	59.60 (30-Nov-16)
Life Time high (Rs.)	254.40 (06-Aug-10)
Life Time low (Rs.)	35.10 (19-Aug-11)
Average Daily Movement [ADM]	4.08
Average Volume [20 days]	500827
1 Month Return (per cent)	5.67
Book Value	75.76
Market Cap	1299.97 (Cr)
per cent of Promoter holding pledged	7.71

Den Networks Limited key Products/Revenue Segments include Media Entertainment which contributed Rs 971.26 Cr to Sales Value (91.62 per cent of Total Sales) and Other Operating Revenue which contributed Rs 88.82 Cr to Sales Value (8.37 per cent of Total Sales) for the year ending 31-Mar-2016.

To Read More: https://www.dynamiclevels.com/en/current-news/den-networks-share-price-170104071433

DEN Networks Share Price rises 6%

DEN Networks share price was seen up by more than 6 per cent in today’s trading session.

DEN Networks is one of India's leading cable TV distribution company that has reached an estimated 13 million households in more than 200 cities across 13 major states in India and is present in Delhi, Uttar Pradesh, Karnataka, Maharashtra, Gujarat, Rajasthan, Haryana, Kerala, West Bengal, Jharkhand, Bihar, Madhya Pradesh and Uttarakhand. The Company has a leading presence across the economically important Hindi Speaking Markets (HSM) belt and it also has a leading market share in the cities that it operates in.

At 2.55 PM DEN Networks share price was trading at Rs 45.00 per share on NSE, up by 2.16 per cent or 0.95 points. The share opened at Rs 44.20 from the previous closing of Rs 44.05. The Lower Price Band on NSE is 35.25 while the Upper Price Band is 52.85. A total of 1,08,599 shares of the company have been traded so far on NSE for a total value of Rs 49.17 lacs.

DEN Networks made it to the top 500 stocks list of Dynamic Levels for this quarter. The top 500 stocks of Dynamic Levels are carefully picked by the research team of the company based on the high trading volume and the good fundamentals.

On 13^th December 2016, the Multi System Operator Company announced that it had 140,000 broadband subscribers for the quarter ended 30^th September 2016 (Q2 FY17), which is up from 57,000 subscribers in the same quarter of the previous year. During Q2 FY17, the operator added almost 25,000 new broadband subscribers. The company reported a digital cable subscriber base of 10.1 million for the quarter, up 32 per cent year on year (YoY) from 7.6 million connections. It also added some 300,000 digital cable subscribers during Q2 FY 17.

Get the historical share price performance of DEN Networks at DEN Networks share price history.