Eros International Plc rubbished the Hindenburg report and announced a $20 million share buyback programme
CARE also downgraded rating on the short-term bank facilities worth Rs 187 crore to 'D' from 'A3' earlier
The promoter entity holds more than 3.76 crore shares (39.45 percent of total paid up equity) of Eros International Media
Dalmia Securities is bullish on Eros International Media has recommended buy rating on the stock with a target price of Rs 101 in its research report dated October 29, 2018.
The company had posted a net profit of Rs 58.69 crore during the same period of the previous financial year.
"We are bullish on Eros International Media at current market price as we believe there is room for upside after robust Q4FY18 results. We recommend a buy with a target of Rs 180 by FY19 end," says Akash Jain, Vice President - Equity Research at Ajcon Global.
The company had posted a net profit of Rs 31.67 crore during the January-March period of previous fiscal, Eros International Media said in a regulatory filing.
The company has announced a four-film co-production deal with leading production house, Drishyam Films.
In an interview to CNBC-TV18, Jyoti Deshpande, Group MD & CEO of Eros International spoke at length about the lawsuit and her outlook going ahead.
The company had posted a net profit of Rs 53.46 crore during the same period of previous fiscal, Eros International Media said in a BSE filing.
Eros Group is in talks with Apple Inc, the world's most valuable public company, to sell its entire content library of films and music for around USD 1 billion, according to a media report.
On July 26, 2017 Eros Worldwide FZ LLC sold 5,08,768 shares of the company at Rs 231.31 on the NSE.
In a regulatory filing, Eros said Eros Worldwide FZ LLC, which had 43.51 per cent stake earlier, sold 33.86 lakh shares in the open market between July 7-19.
On July 19, 2017 the promoter sold 5,00,000 shares of Eros International Media at Rs 220.92 on the NSE.
On July 18, 2017 Eros Worldwide FZ LLC sold 11,86,926 shares of Eros International Media at Rs 216.06 on the NSE.
On July 14, 2017 Eros Worldwide FZ LLC sold 12,44,850 shares of Eros International.
Eros International Media today reported 37.80 percent decline in its consolidated net profit to Rs 31.67 crore for the fourth quarter ended on March 31.
On May 8, 2017 Eros Worldwide FZ LLC sold 34,58,807 shares of Eros International Media.