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NDTV shares slip over 6% as CBI raids properties of Roys

On BSE, 90,000 shares have been traded on the counter so far, compared with the average daily volume of 9,064.

ETMarkets.com|
Updated: Jun 05, 2017, 12.02 PM IST
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The agency has registered a case against Roy, his wife Radhika and RRPR Holdings for allegedly causing a loss of Rs 48 crore to ICICI Bank, CBI sources said.
The agency has registered a case against Roy, his wife Radhika and RRPR Holdings for allegedly causing a loss of Rs 48 crore to ICICI Bank, CBI sources said.
Shares of New Delhi Television (NDTV) slipped as much as 6.74 per cent and hit a fresh 52-week low of Rs 58.10 in morning trade on Monday after a PTI report said the Central Bureau of Investigation (CBI) has carried out searches at the residence of NDTV founder Prannoy Roy in Delhi and in Dehradun for allegedly causing loss to a private bank.

The agency has registered a case against Roy, his wife Radhika and RRPR Holdings for allegedly causing a loss of Rs 48 crore to ICICI Bank, CBI sources said.

The scrip was trading 4.33 per cent down at Rs 59.60 around 11.20 am (IST). Shares of the company opened at Rs 62.55 and touched a high and low of Rs 62.55 and Rs 58.10, respectively, in trade so far.

On BSE, 90,000 shares have been traded on the counter so far, compared with the average daily volume of 9,064 shares traded in last two weeks.

For the latest quarter ended March 31, 2017, NDTV reported a net profit of Rs 5.28 crore against net loss of Rs 0.77 crore reported for the corresponding quarter last year. Net sales of the company declined to Rs 154.35 crore from Rs 169.74 crore reported for the same period.

In last one year, share price of NDTV has plunged nearly 34 per cent to Rs 62.30 till May 2, 2017, whereas BSE Sensex gained 16.50 per cent during the same period.

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