CRISIL reaffirms ratings of Entertainment Network India Ltd

CRISIL Ratings has reaffirmed its 'CRISIL AA+/Stable/CRISIL A1+' ratings on the bank facilities and Rs 350 crore debt programmes of Entertainment Network (India) Limited (ENIL).

The ratings continue to reflect the market leadership of the company in the FM radio broadcasting industry, comfortable financial risk profile backed by strong liquidity, and support of parent, Bennett Coleman and Company Ltd (BCCL; 'CRISIL AAA/Stable'). These strengths are partially offset by significant dependence on advertisement (ad) revenue and exposure to intense competition.

Shares of ENTERTAINMENT NETWORK (INDIA) LTD. was last trading in BSE at Rs.146 as compared to the previous close of Rs. 148.4. The total number of shares traded during the day was 2795 in over 142 trades.

The stock hit an intraday high of Rs. 150.4 and intraday low of 143.4. The net turnover during the day was Rs. 407276.

Source : Equity Bulls

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