TV18 Broadcast, engaged in the production
and telecast of news and entertainment programs, climbed on
Wednesday TV18 announced IndiaCast, the distribution company of
TV18 and Viacom18, has formed a strategic joint venture with UGBL -
a DisneyUTV group company for the aggregation and wholesale
distribution business of TV channels in India. IndiaCast is a 50:50
JV between TV18 and Viacom18. The aforementioned new distribution
venture is a step-down joint venture and is envisaged as a 74:26 JV
between IndiaCast and Disney UTV. It will become operational post
necessary regulatory approvals. 
Shares ofthe companyare trading at Rs
34.50, up Rs 1.1, or 3.29% at the Bombay Stock Exchange (BSE) on
Wednesday at 9:59 a.m.The scrip has touched an intra-day high of Rs
34.85 and low of Rs 33.65. The total volume of shares traded at the
BSE is 667,660.
In the earlier session, the shares fell 0.89%, or Rs 0.3, at Rs 33.40. Currently, the stock is trading down 10.27% from its 52-week high of Rs 38.45 and above 129.24% over the 52-week low of Rs 15.05.
Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 34.75 (1.35) (3.88) 1 Month 32.55 0.85 2.61 3 Months 28.05 5.35 19.07 6 Months 18.10 15.30 84.53 1 Year 27.02 6.38 23.61 Note: Based on previous day closing price.
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