Mukesh ambani company stock:Mukesh Ambani has many such companies which are listed in the stock market. The share price of these companies is also Rs 50 or less. One such share is Hathway Cable and Datacom Limited. Last Friday, there was a rush to buy the shares of Hathway Cable and Datacom Limited. This share, which had a previous closing of Rs 20.95, rose by more than 2 percent to touch the level of Rs 21.81 on Friday. At the end of trading, the share price was Rs 21.31. This shows a rise of 1.72% compared to the previous day. 

On 6 February 2024, the share price went up to Rs 27.90. This is the 52-week high of the share. At the same time, in October 2023, the share price was Rs 17.01. This is the 52-week low of the share.

Shareholding Pattern

Talking about the shareholding pattern of Hathway Cable & Datacom, the promoters hold 75% stake and public shareholders hold 25% stake. The promoters of this company include several ventures of Reliance Industries. These ventures include Jio Content Distribution Holding Private Limited, Jio Internet Distribution Holding Private Limited, and Jio Cable & Broadband Holding.

This news is about the company

Recently, Hathway Cable & Datacom has sold its entire 51% stake in its subsidiary Hathway Prime Cable & Datacom to Manmohan Singh Bajwa for a total of Rs 51 crore. The deal has been done for Rs 7,80,300. With this transaction, Hathway Prime is no longer a subsidiary of the company. Hathway Prime is a non-operating company and its contribution to the company's turnover and net worth for the financial year 2023-24 was zero.

quarterly results of the company

Recently, Hathway Cable and Datacom has released the results of the June quarter. During this quarter, the company's net profit declined by 18.1 percent to Rs 18.32 crore. According to a regulatory filing by Hathway Cable, a company owned by Reliance Industries Group, the company had earned a profit of Rs 22.36 crore in the April-June period a year ago. Its total revenue in the June quarter was stable at Rs 502.61 crore. It was Rs 499.23 crore in the same period a year ago.