Network 18 shares jumped due to good technical signals
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In its recent quarterly results, the company reported a 6% increase in operating revenue despite a decline in advertising revenue. The company said in a filing to the exchanges that despite strong operating performance, a weak advertising environment impacted profitability throughout the year.
Traders should keep a close watch on this stock for the upcoming trading sessions. On Tuesday, NETWORK18 shares were seen trading at Rs 62.70, up 3%, on the NSE.
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