Hot Pursuit     20-Oct-14
Hathway Cable gains after bulk deal
Hathway Cable & Datacom rose 2.48% to Rs 305.50 at 11:10 IST on BSE after 0.97% equity changed hands in a bulk deal on BSE today, 20 October 2014.

A bulk deal of 15.79 lakh shares was executed on the Hathway Cable & Datacom stock at Rs 302.50 per share at 10:07 IST on BSE today, 20 October 2014

Meanwhile, the S&P BSE Sensex was up 396.39 points or 1.52% at 26,504.92

Large bulk deal boosted volume on the Hathway Cable & Datacom counter. On BSE, so far 15.82 lakh shares were traded in the counter as against average daily volume of 33,539 shares in the past one quarter.

The stock hit a high of Rs 309.80 and a low of Rs 301.60 so far during the day. The stock had hit a record high of Rs 368 on 9 June 2014. The stock had hit a 52-week low of Rs 221 on 16 April 2014.

The stock had outperformed the market over the past one month till 17 October 2014, rising 6.79% compared with Sensex's 1.96% fall. The scrip, however, underperformed the market in past one quarter, falling 7.69% as against Sensex's 2.14% rise.

The mid-cap company has an equity capital of Rs 161.40 crore. Face value per share is Rs 10.

Hathway Cable & Datacom reported a net loss of Rs 0.92 crore in Q1 June 2014 as against net profit of Rs 5.32 crore in Q1 June 2013. Net sales rose 7.7% to Rs 249.58 crore in Q1 June 2014 over Q1 June 2013.

Hathway Cable & Datacom is one of the largest multi system operator (MSO) and cable broadband service providers in India. The company's cable operations straddle across key Indian geographies and offers cable television services across 140 cities and towns and high-speed cable broadband services across 21 cities.

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