Meanwhile, the BSE Sensex was up 12.36 points, or 0.14%, to 8,706.77.On BSE, 1.06 lakh shares were traded in the counter. The stock had an average daily volume of 3.84 lakh shares in the past one quarter.The stock hit a high of Rs 155 and a low of Rs 148.50 so far during the day. The stock hit a 52-week high of Rs 1,945 on 7 January 2008 and a 52-week low of Rs 130.15 on 27 October 2008.
The mid-cap stock had underperformed the market over the past one month till 25 November 2008, falling 5.27% as compared to the Sensex's decline of 0.06%. It had also underperformed the market in the past one quarter, declining 70.1% as compared to the Sensex's decline of 39.82%.The company's current equity is Rs 23.06 crore. Face value per share is Rs 5.
The company will invest Rs 100 crore in expanding the film services business. Adlabs is setting up one of the largest film studios in Mumbai. Spread across 2 lakh square feet, company is expected to start operations in December 2009. The studio will support both television and film content production. The company already offers film processing services, television equipment rental services and digital lab services.
The company will also spend Rs 100 crore on adding 100 screens in India, 40-50 screens in Malaysia and couple of more in America. The company currently has 400 screens across India, United States and Malaysia.
Adlabs reported a net loss of Rs 19 crore in Q2 September 2008 as compared to a net profit of Rs 20.30 crore in Q2 September 2007. The sales rose 58.5% to Rs 200.41 crore in Q2 September 2008 over Q2 September 2007.Adlabs Films produces, distributes and exhibits movies, and has some well-known productions to its credit.
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