Small BusinessShree Ashtavinayak shrugs off Q3 net growth, ends weak
Shree Ashtavinayak ended at Rs 84, lower by Rs 1 or 1.3%, on the BSE.
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The stock had opened at Rs 85, and touched a high of Rs 93 and a low of Rs 83 during the day.
The counter saw trades of 26.03 lakh shares as against the two-week average of 7.84 lakh shares.
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Shree Ashtavinayak Cine Vision has jumped 7% to Rs 91.25, after the company posted 194% jump in net profit to Rs 18.29 crore in Q3FY10 when compared to Rs 6.22 crore in Q3FY09. Total operating income has appreciated by 93% to Rs 160.80 crore (Rs 83.13 crore) during the quarter.
The company is engaged in in-house film production and distribution and outside film distribution. It had declared bonus shares in the ratio of 4 bonus shares for every 1 exiting fully paid up equity share held by the members on the record date fixed at February 2, 2010.