Hathway Cable & Datacom Ltd Share Price – NSE /  BSE

Telecomm-Service, Small Cap

Hathway Cable & Datacom Ltd dropped for a fifth straight session today. The stock is quoting at Rs 16.32, down 1.75% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.4% on the day, quoting at 23682.349609375. The Sensex is at 78309.92, up 0.34%.Hathway Cable & Datacom Ltd has eased around 10.72% in last one month.Meanwhile, Nifty Media index of which Hathway Cable & Datacom Ltd is a constituent, has eased around 1.87% in last one month and is currently quoting at 1887.9, up 0.18% on the day. The volume in the stock stood at 26.86 lakh shares today, compared to the daily average of 56.79 lakh shares in last one month.

The PE of the stock is 33.24 based on TTM earnings ending September 24.

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Hathway Cable & Datacom Ltd is up for a fifth straight session today. The stock is quoting at Rs 18.05, up 0.67% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.01% on the day, quoting at 24710.8. The Sensex is at 81821.37, up 0.07%. Hathway Cable & Datacom Ltd has slipped around 8.05% in last one month.

Meanwhile, Nifty Media index of which Hathway Cable & Datacom Ltd is a constituent, has slipped around 3.84% in last one month and is currently quoting at 2083.95, down 0.21% on the day. The volume in the stock stood at 17.56 lakh shares today, compared to the daily average of 53.4 lakh shares in last one month.

The PE of the stock is 35.84 based on TTM earnings ending September 24.

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Hathway Nanded, incorporated in India on 11 March 2008, is engaged in Cable TV Business and has presence in Nanded, Maharashtra. It turnover was Rs 5.58 crore in FY24.

The company will acquire 20,54,832 equity shares from the existing shareholders of Hathway Nanded (including Hathway MCN, a subsidiary of the company) for aggregate cash consideration of Rs 11.

The acquisition of equity shares is for consolidation of business operations. Post-acquisition, Hathway Nanded has now become a wholly owned subsidiary of the company

One of the transferors (out of eleven transferors), i.e., Hathway MCN, is a related party of the company and the acquisition is on arm’s length basis. None of the company’s promoter / promoter group / other group companies have any interest in the above transaction.

Hathway Cable & Datacom is one of the largest multiple-system operator (MSO) and cable broadband service providers in India.

The company’s consolidated net profit jumped 28.61% to Rs 25.80 crore in Q2 FY25 as compared with Rs 20.06 crore in corresponding quarter last year. Revenue increased 5.98% YoY to Rs 512.74 crore in Q2 FY25 as compared with Rs 483.79 crore in Q2 FY24.

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Hathway Cable & Datacom Ltd rose for a third straight session today. The stock is quoting at Rs 19.32, up 2.99% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.09% on the day, quoting at 24444.3. The Sensex is at 80286.14, down 0.1%. Hathway Cable & Datacom Ltd has dropped around 7.6% in last one month.

Meanwhile, Nifty Media index of which Hathway Cable & Datacom Ltd is a constituent, has dropped around 8.74% in last one month and is currently quoting at 1937.6, up 2.33% on the day. The volume in the stock stood at 16 lakh shares today, compared to the daily average of 38.74 lakh shares in last one month.

The PE of the stock is 37.56 based on TTM earnings ending September 24.

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