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In the stock markets, one man can make or break the movement of the share prices! For the last few days, it’s two men, Rajdeep Sardesai and Sameer Manchanda and the companies in question are Television Eighteen (TV 18) India and NDTV. Since the time www.exchange4media.com broke the news (Thursday, April 14, 2005) on Rajdeep Sardesai (Managing Editor) leaving NDTV and ‘Impact’ (issue dated April 18-24) carried the news about his joining TV 18 India, there is frenetic activity on the counters of both of the scrips. Although, there is a cloud over Manchanda’s moves, Dalal Street will certainly monitor this corporate executive’s moves (given his ability to ‘manage’ and ‘generate’ finances for any venture) with interest.
NDTV, which has a 52-week high of Rs 206 and a low of Rs. 77.5 on the Bombay Stock Exchange (BSE), started the year at Rs 137.15. It was hovering around Rs 186 on Wednesday, April 13 (traded volume of 143,769 shares). By Friday, April 14 (as the news of Sardesai’s exit spread), it dropped to Rs 164.60 (traded volume of 273,000 shares). By April 20, it recovered to rise to Rs 165 (traded volume of 79,537 shares). On the National Stock Exchange (NSE), it closed the day (April 20) at Rs 166.55. On April 21, it recovered to Rs 171.30 on the BSE and Rs 169. 20 on the NSE.
On the other hand, TV 18 India, which started the year 2005 at Rs 224 (traded volumes of 193,887 shares), was hovering around Rs 201.25 on Monday, April 11, 2005 (with a traded volume of 2,329 shares) on the BSE. By Monday, April 20, the scrip rose to Rs 251.85 and the traded volume shot up to more than 300,000. On the NSE, it was placed at Rs 252.40 with traded volumes of 470,541 shares.
To read the entire story, grab your copy of Impact Advertising and Weekly magazine issue dated April 25-May 1, 2005