TV Today rallies on buzz Aditya Birla Group may buy stake

TV Today Network, one of India's leading English-Hindi news television networks, climbed on Wednesday after media reports quoted that the Aditya Birla group may take a majority 51% stake in Aroon Purie's Living Media, which acts as a holding company and also owns 57.46% in TV Today Network.

The Aditya Birla group, headed by Kumar Mangalam Birla, had bought 27.5% stake in Living Media in May this year.

Shares ofthecompanyare trading at Rs 76.15, up Rs 2.9, or 3.96% at the Bombay Stock Exchange (BSE) on Wednesday at 10:39 a.m.The scrip has touched an intra-day high of Rs 77.50 and low of Rs 74.55. The total volume of shares traded at the BSE is 56,939.In the earlier session, the shares declined 2.33%, or Rs 1.75, at Rs 73.25. Currently, the stock is trading down 6.91% from its 52-week high of Rs 81.80 and above 85.28% over the 52-week low of Rs 41.10.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 77.25 (4.00) (5.18) 1 Month 74.15 (0.90) (1.21) 3 Months 64.85 8.40 12.95 6 Months 55.50 17.75 31.98 1 Year 59.25 14.00 23.63 Note: Based on previous day closing price.