Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Raj Television – Short Term Target Rs230

1 min read

 
 
Script Name : Raj Television
CMP : Rs187
Short Term Target : Rs230
 
Positive Technicals : Good RSI (45.65) level
 
 
 
Raj Television – Launching of New 24×7 Tamil News Channel
Raj Television Network Ltd has informed that the Company has got approval from Ministry of Information and Broadcasting for launching of one 24×7 Tamil News Channel.

The Company is proposing to start the New Channel on November 14, 2007.
 
The New Channel shall be a seven days per week news channel in Tamil language covering all types of general news, business news and other news both national and international.
The Company is hopeful that the market share of the Company shall be increased after the launch of the new channel.
 
 
Raj Television Network Limited has informed that the Board of Director of the Company in its meeting held on October 30, 2007 noted the followings: Sales for half year ended September 2007 is increased by 50.30 % over previous half year and for the present quarter is increased by 35.50 % over the previous period. Operating profit for half year ended September 2007 is up by 44 % over previous half year and for the present quarter is increased by 19 % over the previous period. PBT for half year ended September 2007 is increased by 45 % over previous half year and for the present quarter is increased by 14 % over the previous period. PAT for half year ended September 2007 is increased by 47 % over previous half year and for the present quarter is increased by 20 % over the previous period.
 
Raj Television Network Ltd – Utilisation of Funds 11/1/2007
Raj Television Network Limited has informed that "Against the total projected utilization of Rs 31.24 Crores upto September 30, 2007 from the IPO funds, an amount of Rs 18.66 Crores has been utilized towards Acquisition of contents and strengthening facilities, purchase of new equipment and up gradation of existing equipment, general corporate purpose and the balance proceeds from IPO after meeting the IPO expenses, pending utilization have been invested in Fixed Deposits with Banks".
 
 
 

 

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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