Meanwhile, the BSE Sensex was down 49.78 points, or 0.27% to 18,095.47.

On BSE, 20,000 shares were traded in the counter as against average daily volume of 28,296 shares in the past one quarter.

The stock hit a high of Rs 111.90 and a low of Rs 104.20 so far during the day. The stock hit a 52-week high of Rs 112.90 on Wednesday, 22 February 2012. The stock had hit a 52-week low of Rs 41.55 on 9 August 2011.

The stock had outperformed the market over the past one month till 22 February 2012, rising 20.52% compared with the Sensex's 8.4% gain. The scrip had also outperformed the market in past one quarter, surging 54.29% as against Sensex's 12.95% gain.

The small-cap television broadcaster has an equity capital of Rs 12.98 crore. Face value per share is Rs 10.

The Raj Television Network stock has surged 12.05% in three trading sessions from Rs 94.60 on 17 February 2012, after the company announced during trading hours on 21 February 2012, that it has entered into an agreement with Tamil Nadu state government cable network--Arasu Cable for 100% connectivity of its channels throughout Tamil Nadu. Raj Television Network said that it expects additional subscription revenue from its pay channel segment from the latest deal with Arasu Cable.

Raj Television Network reported net profit of Rs 2.05 crore in Q3 December 2011, compared with net loss of Rs 0.95 crore in Q3 December 2010. Net sales rose 87.4% to Rs 13.94 crore in Q3 December 2011 over Q3 December 2010.

Raj Television Network is an established television broadcasting company in south India.

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