Bonaz Capital | Eros International Gains



http://www.bonazcapital.com/

The Eros International Media Limited Announced On Monday That It Has Signed A Major Television Syndication Deal With Zee For A Slate Of Its Forthcoming Releases Including Sarkar 3, Munna Michael And Shubh Mangal Savdhaan In The Current Year.
The Eros Stock Is Trading Higher In The Morning Hours On Tuesday Being The Top Gainer In The Nifty Media Index. The Stock Is Trading At Rs 235 Per Share Up By Rs 5.3 Per Share Or 2.31%. The Stock Has Attracted The Volume Of 3,62,250 Shares And Traded Value Of Rs 8.48 Cr.
The Media Stocks Have Been Buzzing In The Market Since The Bahubali 2 Is Reporting Record High Earnings. If A Movie Becomes A Blockbuster, Then The Media Stocks Gain. This Is The Likely Trend For These Stocks. (Bonaz Capital)
The Upcoming Movies If Performs Well, Then It May Act As Upward Movement Driver To The Media Stocks.
Stock View (Bonaz Capital)
Eros International Media Ltd Is Currently Trading At Rs 232.9, Up By Rs 3.9 Or 1.7% From Its Previous Closing Of Rs 229 On The Bse.
The Scrip Opened At Rs 232.5 And Has Touched A High And Low Of Rs 236.05 And Rs 231 Respectively. So Far 761762(Nse+Bse) Shares Were Traded On The Counter. The Current Market Cap Of The Company Is Rs 2160.92 Crore. Bonaz Capital
The Bse Group 'B' Stock Of Face Value Rs 10 Has Touched A 52 Week High Of Rs 308.4 On 28-Mar-2017 And A 52 Week Low Of Rs 150.15 On 22-Nov-2016. Last One Week High And Low Of The Scrip Stood At Rs 233.4 And Rs 217.05 Respectively.
The Promoters Holding In The Company Stood At 73.34 % While Institutions And Non-Institutions Held 11.05 % And 15.62 % Respectively.
The Stock Is Currently Trading Below Its 50 Dma.

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