New Delhi Television (NDTV) shares surged by 4 percent on August 18 following the Ministry of Information and Broadcasting's approval for the Adani Group-owned broadcaster to launch four regional channels. At 1 pm, the NDTV stock was trading at Rs 226.05, marking a gain of Rs 5.05 or 2.29 percent on the NSE.
According to an exchange filing, NDTV has received official clearance to uplink and downlink four news and current affairs channels: NDTV Rajasthan, NDTV Madhya Pradesh/Chhattisgarh, NDTV Gujarati, and NDTV Marathi.
In an additional announcement, the Indian English news broadcaster revealed its plan to initiate the launch of NDTV Madhya Pradesh/Chhattisgarh on August 21. This strategic expansion follows the Adani Media Group's acquisition of NDTV from its previous promoters in December of the preceding year.
The company's Q1FY24 results displayed a 35.03 percent YoY decline in revenue from operations, amounting to Rs 69.99 crore. Furthermore, NDTV reported a loss of Rs 8.08 crore, contrasting with a net profit of Rs 25.81 crore recorded in the corresponding quarter of the previous year. The operating loss for the quarter stood at Rs 9.68 crore.
NDTV operates in the television and digital broadcasting sector, providing news coverage, analysis, and multimedia content through its television channels and digital platforms. The company generates revenue through advertising and partnerships.
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According to an exchange filing, NDTV has received official clearance to uplink and downlink four news and current affairs channels: NDTV Rajasthan, NDTV Madhya Pradesh/Chhattisgarh, NDTV Gujarati, and NDTV Marathi.
In an additional announcement, the Indian English news broadcaster revealed its plan to initiate the launch of NDTV Madhya Pradesh/Chhattisgarh on August 21. This strategic expansion follows the Adani Media Group's acquisition of NDTV from its previous promoters in December of the preceding year.
The company's Q1FY24 results displayed a 35.03 percent YoY decline in revenue from operations, amounting to Rs 69.99 crore. Furthermore, NDTV reported a loss of Rs 8.08 crore, contrasting with a net profit of Rs 25.81 crore recorded in the corresponding quarter of the previous year. The operating loss for the quarter stood at Rs 9.68 crore.
NDTV operates in the television and digital broadcasting sector, providing news coverage, analysis, and multimedia content through its television channels and digital platforms. The company generates revenue through advertising and partnerships.
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