NDTV shares continue to rally for 5th day; hit upper circuit limit

Shares of NDTV continued to rally for the fifth day running on Wednesday, further climbing 5 per cent to hit its highest permissible trading limit for the day.

NDTV founders Prannoy Roy and his wife Radhika Roy have resigned as the directors of promoter group vehicle RRPR Holding Private Limited as the Adani Group neared takeover of the television channel.

The stock climbed 5 per cent to Rs 447.70 – its upper circuit limit — on the BSE in morning trade.

At the NSE, it jumped 5 per cent to 446.30, its highest permissible trading limit for the day.

In five days, the stock has rallied 24.74 per cent.