Quadrant Televentures Ltd Share Price: A Rollercoaster Week for Investors!
๐ Last Friday, Quadrant Televentures Ltd emerged as one of the top buyers in the weekly trading session. The company’s shares were trading at their upper circuit yesterday, indicating a bullish trend.
๐ The share price of the company’s telecommunication division rose by 10% with a trading value of INR 1.95 per share last week, on Friday.
๐ On Tuesday, 13th February 2024, the share price of Quadrant Televentures Ltd surged by 4.90% to INR 2.14 per share.
๐ The upward trend continued on Wednesday, 14th February 2024, with the share price increasing by 4.67% to INR 2.24 per share.
๐ In July 2023, the company’s shares were trading at a low of INR 0.75 per share, marking a 52-week low.
๐ Investors in Quadrant Televentures Ltd have seen a remarkable 44% return on their investment in the past week.
๐ The share price of the company has witnessed a significant increase of 57% in the past month.
๐ Investors who invested in Quadrant Televentures Ltd six months ago have seen a remarkable 100% growth in their investment value.
๐ As of December 2023, the promoters held a 51.32% stake in the company, while public investors held a 48.68% stake. The promoter group includes Quadrate Enterprises Ltd, Nippon Investment & Finance, and Techacher India.
๐ LIC has also made substantial investments in Quadrant Televentures Ltd, holding 10,76,2205 shares.
๐ Kotak Mahindra Bank holds 1,16,98,980 shares of the company.
๐ฐ Quadrant Televentures Ltd recently announced its financial results for the December 2024 quarter. The company witnessed a 5.89% decline in revenue compared to the same quarter last year. The net loss for the quarter decreased by 0.06%.
๐ฐ The company reported a net loss of INR 27.63 crores for the quarter, compared to a net loss of INR 29.53 crores in the same quarter of the previous financial year.
๐ฐ Quadrant Televentures Ltd also recorded a 33.51% decline in sales during the quarter.
In Short, Quadrant Televentures Ltd has had a rollercoaster week for its shareholders. With a surge in share price, significant returns for investors, and impressive growth in the past month, the company seems to be on an upward trajectory. However, the recent financial results indicate some challenges that the company needs to address. Only time will tell how Quadrant Televentures Ltd will fare in the ever-evolving telecommunication industry.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
