17 Oct 2024

Tips Music Sees Profit Surge, But Stock Falls Amid Market Fluctuations

Despite a 21.46% increase in net profit, reaching ₹48.16 crore in Q2FY25, Tips Music's stock took a hit today. The stock is currently trading at ₹766.60, down by ₹7.25 or 0.94% from its previous close of ₹773.85 on the BSE.

The share price opened at ₹780.00, hitting a high of ₹815.70 and a low of ₹765.00 during the session. A total of 9,661 shares were traded. Over the past 52 weeks, the stock peaked at ₹876.75 (on October 14, 2024) and bottomed out at ₹320.50 (on October 26, 2023).

For the last week, the highest and lowest share prices stood at ₹876.75 and ₹753.45 respectively. The company’s current market capitalization is ₹9,892.25 crore. Promoters hold 64.15% of the company's shares, with institutions holding 9.87% and non-institutional investors holding 25.98%.

Tips Music, a key player in the Media & Entertainment sector, saw its total income rise by 33.71% to ₹86.20 crore for Q2FY25, compared to ₹64.47 crore in the same period last year.