On Thursday, Raj Television Network moved up by 5.33 per cent to close at Rs 133.45 on the BSE. This is despite the broadbased drop in BSE Sensex and the NSE's Nifty lost about two per cent during the day.
It registered a new 52-week high at Rs 135.50 during the day, which is more than three times its 52-week low of Rs 41.50 touched in August 2011. On the BSE, 62,000 shares changed hands in the counter, as against its daily average 52,000 shares in the last two weeks. Raj TV has been on the rise in the last three days after the company announced successful release of the digitised version of an old super hit Tamil film Karnan.

DIGITISING MORE
Mr M. Raajhendhran, Managing Director of the company, told Business Line, that it released the "new" Karnan in over 65 screens across Tamil Nadu. "It's running houseful in almost all theatres, turned out to be a huge success," he said. According to him, the company has spent a "big money" on digitising the film.

In an announcement to the stock exchange, the company said that it has been exploring possibilities of digitising more films in the months to come. The company, according to the announcement, owns more than 3,000 movie rights in its library. "We see a huge potential in digitising old films in various languages too," he said.

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