Media stocks 07

IN Media Watch Briefs | 01/01/2008

Six new Indian  media stocks  made their debut on the bourses in calendar year 2007, of which three gave substantially  higher returns over their issue prices.  These were  Global Broadcast News Ltd (GBN), Shree Ashtavinayak Cinevision Ltd which produced the runaway hit Jab We Met, and Pyramid Symira, which gave a return of 320.6% to close at Rs 420.60. But others including Raj Television Network Ltd, Broadcast Initiatives and Dish TV gave a negative return over their issue price.  (Financial Express)