Small Cap Media Stock Declares Rs 67/Share Special Dividend, Jumps 16% Intraday

Small cap Media & Entertainment stock, TV Today Network Ltd declared a special dividend of Rs 67 per share for the financial year 2022-23 and the financial results as well. The company fixed Feb 13, 2023 as the record date. After the announcement of dividend, the stock witnessed a sharp jump of over 15%. The company has a market capitalisation of Rs 1707.12 crore. Check details below:

1. TV Today Network Declares Huge Dividend

According to the BSE filing of the company, "Declared special interim dividend of Rs. 67/- (Rupees Sixty-Seven only) per Equity Share i.e. at the rate of 1340% on the face value of Rs. 5/- each fully paid-up, for the financial year 2022-23."

2. TV Today Network Stock Performance

The stock's last trading price as on February 3, 2023 is Rs 286.10 apiece with an intraday gain of 16.02%. The stock's 52-week high is Rs 430.65 apiece and 52-week low is Rs 221. 55 apiece, respectively. The stock witnessed spurt in volume by over 6.00 times.

3. TV Today Network Return

The stock rallied 16% intraday on Friday (Feb 3, 2023), surged 14% in 1-week, 15% in last 1-month, and declined 26% in last 1-year. The stock gained a little over 2% in last 6-months. In last 3-years, the stock soared 24% and fell 34% in last 5-years.

4. TV Today Network Q3 Result

The company announced a decline of 55.08% YoY in the consolidated net profit at Rs 27.62 crore for Q3 FY 2023 as compared to Rs 61.50 crore announced in an year ago quarter.

TV Today announced revenue from operations at Rs 231.31 crore for the quarter under consideration as compared to Rs 257.97 crore in the corresponding quarter of previous year, down 10.33% YoY.

The company stated that 228.93 crore revenue was generated via TV and other media operations. Radio broadcasting generated 2.38 crore revenue.

5. About TV Today Network

TV Today Network Limited is engaged in broadcasting television news channels radio stations and newspaper publishing in India. The company is a part of India Today Group and operates a network of TV news channel. The company comprises four news channels namely Aaj Tak Headlines Today Tez and Dilli Aaj Tak.

Disclaimer

The stock gives details of special dividend announcement and record date. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.