MUMBAI: There was mayhem on the bourses on Monday as the markets saw its biggest ever fall. The Sensex crashed a whopping 1,408.35 points by the end of the day’s trade.
The Sensex closed down 7.41 per cent at 17605.35, whereas the Nifty was down 496.50 points or 8.70 per cent at 5208.80.
All media and entertainment stocks companies involved in areas such as film and television content production and creation, multiplexes, post-production, publishing and broadcasting, animation, music, etc were in the red on this account.
The scrips of Adlabs Films, Prime Focus and UTV Software Communications fell by Rs 355.30, Rs 127.90 and Rs 105.90 respectively on the bourses today.
Among companies involved in the multiplex business, Adlabs Films saw the steepest fall. While Adlabs’ scrip closed at Rs 1447.10 on Friday, today it touched a low of Rs 970. The company’s scrip was down 24.55 per cent (Rs 355.30) and closed finally at Rs 1,091.80.
Shringar Cinema, which had closed on Friday at Rs 110.65, today opened the day at Rs 95. By the end of the day’s trade, the scrip was down 19.97 per cent (Rs 22.10) to close at Rs 88.55.
INOX Leisure, on the other hand, was also down by 17.72 per cent (Rs 31.50) and closed the day at Rs 146.30. The stock had opened this morning at Rs 174.00.
Chennai based Pyramid Saimira Theatre was down 17.47 per cent (Rs 79.45) to close the day at Rs 375.35. While the stock opened at Rs 425.00 today, it touched a low of Rs 369.00.
Cinemax India was down 16.80 per cent (Rs 22.75). The company’s scrip closed at Rs 112.70 today vis-Ã -vis its previous close of Rs 135.45.
PVR Ltd was down 4.99 per cent (Rs 14.40) to close the day at Rs 274.10.
Film & TV Companies
Among companies involved in film and television business, Shree Ashtavinayak Cine Vision saw a 20 per cent fall and was down by Rs 91.95 to close the day at a low of Rs 367.85. The scrip opened today at Rs 460.00.
Subhash Chandra’s Wire and Wireless India Ltd (WWIL) was the worst hit as the stock closed 31 per cent down from its previous close at Rs 51.20.
Anurradha Prasad’s BAG Films & Media closed the day at Rs 56.45, which was 19.99 per cent (Rs 14.10) down from its previous day close of Rs 70.55.
Tips Industries was down 19.71 per cent and closed at Rs 90.25, whereas Entertainment Network India Ltd (ENIL) was down 17.62 per cent and closed at Rs 455.00.
Amongst the other major comanies, Ronnie Screwvala’s UTV Software Communications scrip fell by 11.62 per cent (Rs 105.90) to close at Rs 805.40. The scrip touched an intra-day high of Rs 940.00 and a low of Rs 760.00 before the day’s close. While the company’s previous close was Rs 911.30, it opened the day today at Rs 907.00.
Subhash Ghai’s Mukta Arts was down 9.97 per cent (Rs 18.35) to close the day at Rs 165.70. On the other hand, Pritish Nandy Communications closed the day at Rs 79.45, which was down 9.92 per cent from its previous day close of Rs 88.20.
Ekta Kapoor’s Balaji Telefilms slipped 6.97 per cent to close the day at Rs 279.00, whereas music and film production company Saregama India fell 5.00 per cent to close at Rs 251.05. Other companies like Zee Entertainment, K Sera Sera, GV Films also witnessed a fall. Zee Entertainment was down 6.04 per cent and closed the day at Rs 272.05; K Sera Sera dipped 4.97 per cent to close at Rs 36.35, whereas GV Films fell by 4.93 per cent to close at Rs 10.42.
Post production studio Prime Focus closed the day at Rs 1,075.00, which was 10.63 per cent or Rs 127.90 down from its previous close of Rs 1202.90. The scrip opened at Rs 1166.80 and touched an intra-day low of Rs 1001.00 before closing at Rs 1,075.00. Pertinent to note here is that Prime Focus touched its 52-week high of Rs 1450.00 recently on 3 January, 2008.
NDTV fell by 9.81 per cent, down Rs 43.75 to close the day at Rs 402.05. The scrip touched a high of Rs 449.80 and a low of Rs 387.00 during the day’s trade. Incidentally, the company’s new television channel NDTV Imagine goes on air today. With this, NDTV, which has under its belt three news channels and one lifestyle channel, marks its foray into the Hindi general entertainment channels category.
On the other hand, Zee’s direct to home (DTH) company Dish TV India took a fall of 19.65 per cent (Rs 16.15) and closed at Rs 66.05.
Global Broadcast News (GBN) was down 8.56 per cent (Rs 89.85) and closed the day at Rs 960.20 from its previous close of Rs 1050.05. The scrip touched a low of Rs 945.00 and a high of Rs 1001.00.
Other TV content companies like Cinevista Communications closed the day at Rs 92.30 (down 4.99 per cent), Moving Picture at Rs 51.65 (down 4.97 per cent), Crest Animation at Rs 108.25 (down 4.96 per cent), Creative Eye at Rs 30.00 (down 4.91 per cent), Sun TV Network at Rs 350.75 (down 4.14 per cent) and TV18 at Rs 406.35 (down 1.16 per cent).