Tuesday, May 6, 2008

Pritish Nandy Communications new tie-up

Pritish Nandy Communications jumped 9.98% to Rs 58.40 at 14:41 IST on BSE after the company said it has signed a co-production deal with US based Sony Pictures for three movies.

The stock hit a high of Rs 58.40 and a low of Rs 55.85 so far during the day. The stock had a 52-week high of Rs 116.65 on 9 July 2007 and a 52-week low of Rs 39 on 10 March 2008.

The company’s current equity is Rs 14.47 crore. Face value per share is Rs 10.

The current price of Rs 58.40 discounts its Q3 December 2007 annualised EPS of Rs 0.25, by a PE multiple of 233.6.

Pritish Nandy Communications (PNC)’s net profit declined 93.6% to Rs 0.09 crore on 56.9% fall in net sales to Rs 4.67 crore in Q3 December 2007 over Q3 December 2006.

The company provides cinematic and television contents, consultancy and advertising agency services. It operates in two segments viz. content and wellness.

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