October 16, 2018 / 5:47 AM / 4 months ago

BUZZ-India's Zee Media jumps on upbeat Q2 results

** Shares of Zee Media Corp Ltd jump as much as nearly 17 pct to 29.90 rupees; mark their biggest intraday pct gain in over three weeks

** The news broadcasting services co posted over nine-fold rise in Sept-qtr net profit at 172.5 mln rupees ($2.33 mln) on Monday

** Second-qtr revenue jumps 35.5 pct to 1.69 bln rupees

** More than 2.5 mln shares change hands, 9.2 times their 30-day moving avg of 274,587 shares

** As of last close, Zee Media’s market cap rose by about 2 bln rupees after results were announced

** Up to last close, stock down 45.3 pct this year ($1 = 73.8850 Indian rupees)

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