Sambhaav Media is locked at upper circuit limit at Rs. 7.02, up by 1.17 points or 20.00% from its previous closing of Rs. 5.85 on the BSE.
The scrip opened at Rs. 6.49 and has touched a high and low of Rs. 7.02 and Rs. 6.49 respectively. So far 1,13,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 8.10 on 04-Nov-2016 and a 52 week low of Rs. 3.65 on 22-Jun-2016.
Last one week high and low of the scrip stood at Rs. 7.02 and Rs. 5.56 respectively. The current market cap of the company is Rs. 102.57 crore.
The promoters holding in the company stood at 60.75%, while Institutions and Non-Institutions held 0.02% and 39.22% respectively.
Sambhaav Media (SML) has won FM Radio channels for 13 cities, through e-auction undertaken by the Ministry of Information and Broadcasting (MIB) for Second Batch of Private FM Radio Phase - III Channels. The cities include Bhavnagar, Jamnagar, Bharuch, Godhara, Mehsana, Veraval, Porbandar, Junagadh of Gujarat and Poonch, Leh, Bhaderwah, Kargil, and Kathua of Jammu & Kashmir.
Sambhaav Media is into the business of printing and publication of newspaper, magazine, marketing of News TV channel, Transit TV, vehicle tracking system, public information system, advertisements and communication.