Trending stocks: Den Networks share price climbs 5%

NEW DELHI: Shares of Den Networks traded 4.92 per cent up in Wednesday 's trade at 11:06AM (IST).

Around 29233 shares changed hands on the counter. The stock opened at Rs 40.55 and touched an intraday high and low of Rs 40.55 and Rs 40.55 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 97.7 and a 52-week low of Rs 25.5 .


Cable and distribution and broadband service provider Den Networks reported a consolidated profit after tax of Rs 22.52 crore in the fourth quarter ended March 31. The company had posted a consolidated net loss of Rs 212.82 crore in the corresponding period of previous fiscal.

Financials
Den Networks Ltd., incorporated in the year 2007, is a Small Cap company (having a market cap of Rs 1863.56 Crore) operating in Media & Entertainment sector.

For the quarter ended 31-03-2020, the company reported a Consolidated sales of Rs 327.80 Crore, up 3.06 % from last quarter Sales of Rs 318.08 Crore and up 20.03 % from last year same quarter Sales of Rs 273.10 Crore. The Company reported net profit after tax of Rs 25.93 Crore in latest quarter.

Den Networks Ltd. key Products/Revenue Segments include Media Entertainment which contributed Rs 978.17 Crore to Sales Value (96.91 % of Total Sales), Other Operating Revenue which contributed Rs 23.13 Crore to Sales Value (2.29 % of Total Sales) and Equipment which contributed Rs 8.05 Crore to Sales Value (0.79 % of Total Sales)for the year ending 31-Mar-2019.

Promoter holding
Promoters held 86.53067 per cent stake in the company as of quarter ended 31st Mar 2020 .

Valuation ratio
It quoted a price-to-earnings ratio of 27.66 and price to book value of 0.74 .