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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
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| 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.
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