The New Delhi Television (NDTV) stock has witnessed a remarkable surge, soaring over 16% in just two days, following the company’s green light to resume regular operations of the NDTV Profit channel from December.
The Adani Group-backed NDTV’s board approved the proposal, signaling the return of the business news channel on December 8, as disclosed in a recent stock exchange filing.
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Having acquired a majority stake earlier this year, the Adani Group now commands approximately 64.7% of NDTV, marking a significant shift in ownership from founders Radhika and Prannoy Roy.
As of 12:11 pm, the shares, despite a slight dip, continued to trade actively at ₹226.30.
