RIL to pick 26% stake in leading cable operator; stks react

Today cable stocks gained on buzz of Reliance Industries (RIL) planning to pick up 26% stake in leading cable operator including MSO, reports Business Standard.

Den Networks touched an intraday high of Rs 66 and an intraday low of Rs 62.25. At 09:21 hrs the share was quoting at Rs 65.30, up Rs 5.30, or 8.83%. It was trading with volumes of 16,851 shares. Hathway Cable and Datacom touched an intraday high of Rs 130.80 and an intraday low of Rs 122.55. At 09:21 hrs the share was quoting at Rs 129.30, up Rs 10.85, or 9.16%. It was trading with volumes of 106,230 shares.