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Tips Music falls despite its net profit jumps 21% to Rs 48.16 crore in Q2FY25
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Tips Music is currently trading at Rs 766.60, down by 7.25 points or 0.94% from its previous closing of Rs. 773.85 on the BSE.
The scrip opened at Rs. 780.00 and has touched a high and low of Rs. 815.70 and Rs. 765.00 respectively. So far 9661 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 876.75 on 14-Oct-2024 and a 52 week low of Rs. 320.50 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 876.75 and Rs. 753.45 respectively. The current market cap of the company is Rs. 9892.25 crore.
The promoters holding in the company stood at 64.15%, while Institutions and Non-Institutions held 9.87% and 25.98% respectively.
Tips Music has reported 21.46% rise in its net profit at Rs 48.16 crore for the quarter ended September 30, 2024 as compared to Rs 39.65 crore for the same quarter in the previous year. Total income of the company increased by 33.71% at Rs 86.20 crore for Q2FY25 as compared to Rs 64.47 crore for the corresponding quarter previous year.
Tips Music (previously known as Tips Industries) is a leading company in the Media & Entertainment Industry, engaged in the production and distribution of films and leveraging its audio content library digitally in India and overseas.
