Eros International Media firmly in the picture

Eros International Media rose 1.3% to Rs 166.95 at 14:04 IST on BSE after the company said it will be releasing R Balki produced trilingual movie -- English Vinglish worldwide on 21 September 2012. The company made this announcement during trading hours today, 25 May 2012. Meanwhile, the BSE Sensex was up 37.34 points or 0.23% to 16,259.64. On BSE, 26,000 shares were traded in the counter as against average daily volume of lakh 65,121 shares in the past one quarter. The stock hit a high of Rs 168.50 and a low of Rs 163.55 so far during the day. The stock had hit a record high of Rs 277 on 18 October 2011. The stock had hit a 52-week low of Rs 136.35 on 25 May 2011. The stock had underperformed the market over the past one month till 24 May 2012, falling 13.92% as compared to the Sensex's 5.72% fall. The scrip had also underperformed the market in the past one quarter, declining 11.47% as compared to the Sensex's 9.49% fall. The company has an equity capital of Rs 91.78 crore. Face value per share is Rs 10. Eros International Media said the movie English Vinglish is a trilingual movie shot in Hindi, Tamil and Telugu. Commenting on the development, Mr Sunil Lulla, Managing Director, Eros International Media said, "With English Vinglish, we are excited for Sridevi's return to acting and with Balki and Gauri at the helm, we believe there's a lot of anticipation around the film. Eros is very proud to associate with this project and present it to audiences worldwide". On a consolidated basis, Eros International Media's net profit rose 61.5% to Rs 69.09 crore on 46% growth in net sales to Rs 408.42 crore in Q3 December 2011 over Q3 December 2010. An entertainment firm, Eros International Media, operates on a vertically integrated studio model, controlling content as well as distribution and exploitation across all formats globally, including cinema, digital, home entertainment and television syndication.