TV18 Broadcast Ltd dropped for a fifth straight session today. The stock is quoting at Rs 22.7, down 4.82% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is down around 1.77% on the day, quoting at 11601.85. The Sensex is at 38856.99, down 1.66%.TV18 Broadcast Ltd has lost around 14.98% in last one month.Meanwhile, Nifty Media index of which TV18 Broadcast Ltd is a constituent, has eased around 4.39% in last one month and is currently quoting at 2053.15, down 2.43% on the day. The volume in the stock stood at 16.68 lakh shares today, compared to the daily average of 62.54 lakh shares in last one month.
The PE of the stock is 47.8 based on TTM earnings ending March 19.