The share price of Network18 Media & Investments Ltd. has been rising for several reasons:
- Strong financial performance: The company’s consolidated net sales for September 2023 were up 20.44% Y-o-Y, and its standalone net sales for December 2023 were up 2.17% Y-o-Y.
- Merger with TV18 and E18: The merger of Network18, TV18, and E18 has created India’s largest integrated news media entity, which has contributed to the company’s growth.
- Strong market position: Network18 operates in various media and entertainment businesses, including television, digital, filmed entertainment, e-commerce, print, and other allied businesses.
- Increased shareholding by mutual funds: Mutual funds have increased their holdings in Network18 Media & Investments Ltd. from 0.04% to 0.53% in the December 2023 quarter.
- Positive news and events: The company has consolidated its digital and television news arm, and it has also completed the merger of JioCinema and Voot OTT platforms.
These factors have contributed to the rising share price of Network18 Media & Investments Ltd.
So, what factors are contributing to the rise in network18 shares:
The share price of Network18 Media & Investments Ltd. has been rising due to several factors. Firstly, the company’s consolidated net sales for September 2023 were up 20.44% Y-o-Y, and its standalone net sales for December 2023 were up 2.17% Y-o-Y. Secondly, the merger of Network18, TV18, and E18 has created India’s largest integrated news media entity, which has contributed to the company’s growth. Thirdly, mutual funds have increased their holdings in Network18 Media & Investments Ltd. from 0.04% to 0.53% in the December 2023 quarter. Fourthly, the company has consolidated its digital and television news arm, and it has also completed the merger of JioCinema and Voot OTT platforms. Finally, Network18 operates in various media and entertainment businesses, including television, digital, filmed entertainment, e-commerce, print, and other allied businesses, which has contributed to its strong market position.
What is the current market capitalization of network18:
As of December 2022, the market capitalization of Network18 Media & Investments Ltd. was Rs 6,962.21 crore. However, as of January 27, 2024, the current market capitalization of Network18 is not available in the search results. Nonetheless, the share price of Network18 has been rising due to various factors, including strong financial performance, merger with TV18 and E18, increased shareholding by mutual funds, positive news and events, and strong market position.
What is the revenue growth rate of network18 in the last quarter
In the last quarter, Network18 Media & Investments Ltd.’s revenue growth rate was 1.36% Y-o-Y, reaching ₹1,960.64Cr in the Q3 2023-20241. The company’s consolidated operating revenue for the July-September quarter jumped 20% YoY, reaching Rs 18.7 billion (bn). Despite the positive revenue growth, Network18 Media & Investments reported a consolidated net loss of Rs 11.1 bn for the same period, which was attributed to the company’s strategic investments in new growth verticals, specifically sports and digital platforms
