BAG Films soars on fund raising plan

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FOREIGN FUNDS NET SELL RS.463.89 CR IN EQUITIES ON NOVEMBER 20 (PROV)
MUTUAL FUNDS NET SELL RS.176.7 CR IN EQUITIES ON NOVEMBER 19
DII'S NET BUY RS.18.46 CR IN EQUITIES ON NOVEMBER 20 (PROV)
TO ENTER INTO CUSTOMIZED MOTOR CYCLE BIZ VIA PRO-BIKING SHOWROOMS
TO EXPAND PANTNAGAR CAPACITY TO 70,000 UNITS IN NEXT FEW MONTHS
AKER IS A NORWEGIAN SERVICE PROVIDER CO FOR OIL AND GAS OPERATIONS
AKER SOLUTIONS TO PROVIDE SUPPORT SERVICES IN KG BASIN
AKER BAGGED SUB SEA PRODUCTION ORDER FROM RIL IN 2006 ALSO
RELIANCE IND PLACES RS.115 CR ORDER WITH NORWAY'S AKER SOLUTIONS
PORTING CHARGES TO BECOME APPLICABLE FROM DECEMBER 31, 2009
MNP ALLOWS USERS TO CHANGE OPERATORS WHILE RETAINING MOBILE NOS
USERS TO PAY MAX OF RS.19 TO CHANGE OPERATOR WHILE RETAINING OLD NUMBER
TRAI COMES OUT WITH NUMBER PORTABILITY CHARGES
PUNJAB NATIONAL BANK PLANS TO RAISE RS 700 CR BY SELLING BONDS
TATA TELE-QUIPPO OFFERING BETTER SERVICING DEAL FOR TOWERS: SOURCES
GTL BID 10-15% HIGHER THAN TATA-QUIPPO: SOURCES
DEAL VALUED AT AROUND RS.6000 CR : SOURCES
MAY JOIN RACE FOR SHELL'S EUROPEAN REFINERIES: SOURCES
SENSEX, NIFTY UP 1% EACH FOR THE WEEK
CNX MIDCAP INDEX UP 1%, BSE SMALLCAP INDEX UP 1.6%
METAL INDEX UP 3.7%, AUTO INDEX UP 2.3%, FMCG UP 1.5%
INDEX GAINERS: SUZLON UP 9.3%, TATA STEEL UP 6.3%, SAIL UP 5.3%
APPROACHED SHELL FOR BUYOUTS BEFORE ESSAR'S EXCLUSIVE TALKS BEGUN
ESSAR-SHELL IN EXCLUSIVE NEGOTIATIONS TILL NOV 30 TO BUY 3 SHELL REFINERIES
RIL SPOKESPERSON: 'WE ARE REVIEWING A NUMBER OF GLOBAL OPPORTUNITIES'
RIL SPOKESPERSON TO NDTV: 'REVIEWS CANNOT ASSURE TRANSACTIONS'
JSW ENERGY ALSO IN RACE FOR ANDREW YULE'S DPSC STAKE: NW
CESC, SREI INFRA IN RACE FOR ANDREW YULE'S DPSC STAKE: NW
GAMMON INFRA BAGS NHAI PROJECT WORTH RS.850 CRORES
NET PROFIT AT RS.48.2 CR VS RS.12 CR; SALES UP 55% AT RS.849 CR (YOY)

Updated: 05/11/2009 | 12:00 AM IST

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Capital Market

Thursday, November 05, 2009 (New Delhi)

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The company made this announcement during trading hours on Wednesday, 4 November 2009, when the stock had surged 9.44% to Rs 14.15 on the BSE.

Meanwhile, the BSE Sensex was down 126.15 points, or 0.79%, to 15785.98.

On BSE, 1.56 lakh shares were traded in the counter as against an average daily volume of 86,452 shares in the past one quarter.

The stock hit a high of Rs 15.50 and a low of Rs 14.26 so far during the day. The stock had hit a 52-week high of Rs 27 on 5 June 2009 and a 52-week low of Rs 9.95 on 6 March 2009.

The stock had underperformed the market over the past one month till 4 November 2009, falling 20.06% as compared to the Sensex 7.13% fall. It underperformed the market in past one quarter, falling 23.92% as against 0.51% rise in the Sensex.

The small-cap media company's equity capital is Rs 22.56 crore. Face value per share is Rs 2.

BAG Films & Media may raise funds either through global depository receipts (GDR) or foreign currency convertible bonds (FCCB), the company said in a filing with BSE.

The board also approved increasing the authorized capital of the company to Rs 40 crore, from Rs 30 crore.

BAG Films & Media reported a net loss of Rs 2.37 crore in Q2 September 2009 compared with a net profit of Rs 1.29 crore in Q2 September 2008. Net sales fell 66.70% to Rs 6.96 crore in Q2 September 2009 over Q2 September 2008.

BAG Films is engaged in producing television serials. Bag also provides news delivery over mobile phones, broadband Internet, video distribution, web-casting, and video-on-demand services.

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