These shares were in focus during trading today on Monday. Shares of the company rose 5.8% today to an intraday high of 56.75. This share has increased by almost 60 percent in the last one year.
Its 52-week high price is Rs.69.40 and its 52-week low price is Rs.33.15. The market cap of the company is Rs 2,662.43 crore.
These shares of the cable TV service provider were in focus during trading on 15 July. The company's stock rose 5.8% to an intraday high of Rs 56.75 on July 15.
However, the latter declined slightly and the stock closed at Rs 55.79. Let us tell you that the reason behind this fluctuation in the stock is the quarterly results of the company.
DEN Networks Limited on Monday (July 15) announced the results for the June quarter of the current financial year. Let us tell you that if we look at the shareholding pattern of DEN Networks Limited, Mukesh Ambani's Reliance Industries also has a large stake in the company.
For the first quarter ending June 30, 2024, the company's net profit rose 6.8% year-on-year to Rs 45.5 crore. DEN Networks reported a profit of Rs 42.6 crore in the same quarter, the company said in a regulatory filing.
The company's revenue fell 9.4% to Rs 247.5 crore from Rs 273.2 crore in the corresponding period last fiscal. At the operational level, EBITDA declined by 9.1 per cent to Rs 28.1 crore in Q1FY14 from Rs 30.9 crore in Q1FY20.
DEN Networks reported zero gross debt and a healthy cash balance of Rs 3,009 crore in the first quarter. The company has also achieved a 96% online collection rate, including contributions from its subsidiaries. The results were released after the market closed. Shares of DEN Networks Ltd closed up by Rs 2.32, or 4.33%, at Rs 55.92 on the BSE.
The stock has gained nearly 60 percent in the last one year. Its 52-week high price is Rs.69.40 and its 52-week low price is Rs.33.15. The market cap of the company is Rs 2,662.43 crore.
Note: Do not invest in stock market without knowledge. Before investing in any shares you should talk to your financial advisor once. If you do not do so, you may suffer financial loss.
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