by Shri Adhikari Brothers Television Share: Shares of Shree Adhikari Brothers Television Network Limited, an entertainment company, have given multibagger returns to investors over the past one year. About 11 months ago in July 2023, the share price was Rs 1.26. At the same time, the share price now stands at Rs 245.55.
It means that in just 11 months the share price has increased by more than 240 rupees. This represents a return of 16,545% or more than 170 times for the stock. If we look at the returns given by the stock in 6 months, the stock has gained more than 9,000%. Its annual growth is more than 8000% in 2024. A year ago this penny stock invested Rs. 10,000 today is Rs. 17 lakh would have been done. Last Friday, the share price was Rs. was 245.55. The stock closed up 2 percent a day earlier.
Whose share is how much?
Talking about the shareholding pattern, promoters Shree Adhikari Brothers hold 59.52 percent stake in Television Network Limited. Public shareholding is 40.48 percent. Ruani Media Services Pvt Ltd holds the majority stake in the promoters. This is equivalent to 59.12 percent or 1,50,00,000 shares. Individual promoters include Vindu Raman, Heera Navneet Lal Adhikari, Markand Navneet Lal Adhikari. However, they hold small shares.
SEBI is monitoring
Shares of Shree Adhikari Brothers Television Network are in Stage 2 of Enhanced Surveillance Measures (ESM). Let us tell you that the supervision of SEBI and Stock Exchange is increased to prevent excessive fluctuations in the shares. Trading in shares under the ESM framework takes place under a trade to trade mechanism. Its purpose is to enhance investor protection. It is implemented when the stock has experienced a huge fluctuation.
