Siti Networks Trades Flat After Block Deal

Around 3.26 crore equity shares (3.7% equity) of Siti Networks traded in a block on BSE at Rs 28.15 per share during Thursday's morning hours.

Siti Networks was trading flat at Rs 28.05 per share at 1028 hours on BSE. Three stock witnessed a spurt in the volume by more than 241.05 times. It hit a high of Rs 30.50 and a low of Rs 27.15 so far during the day.

The stock has underperformed both BSE Small-cap and Nifty Media Index over a period of one year. Its closest peers are Delta Corp and Entertainment Network.

Siti Networks Limited is a multi-system operator (MSO), which is engaged in providing cable television network services, internet services and allied services. The company is engaged in the business of distribution of signals of television channels of various broadcasters.

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About Suhani Varma

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