Stocks to Watch Today: Dabur India promoters, the Burman family, sold 1 per cent stake in the company through a block deal on Tuesday.
The company had posted a net loss of Rs 7.05 crore during the April-June period a year ago, Jagran Prakashan Ltd (JPL) said in a BSE filing.
Jagran Prakashan Ltd, the publisher of Hindi daily Dainik Jagran, on Tuesday reported 43.41 per cent increase in consolidated net profit at Rs 110.30 crore for the third quarter ended December 2021.
Jagran Prakashan Ltd, the publisher of Hindi daily Dainik Jagran, on Friday reported narrowing of its consolidated net loss to Rs 7.05 crore for the first quarter ended on June 30, 2021
Jagran Prakashan, the publisher of leading Hindi daily Dainik Jagran, on Tuesday said its board has approved buying back shares worth up to Rs 118 crore. "The board of directors of the company... approved the buyback of the company's fully paid-up equity shares of face value of Rs 2 each for an aggregate amount not exceeding Rs 118 crore... and at a price not exceeding Rs 60 per equity share payable in cash, from its shareholders/ beneficial owners (other than those who are promoters, members of the promoter group or persons in control), from the open market through stock exchange mechanism," it said in a regulatory filing. As per the company, the indicative number of shares proposed to be bought back would be 1,96,66,666, representing 6.99 per cent stake. Jagran Prakashan said the public announcement setting out the process, timelines and other statutory details of the buyback will be released in due course. Shares of the company declined nearly 7 per cent to close at Rs 57 on the
The stock is up for the second day in a row and has gained nearly 24 per cent in two days
The company had posted a profit after tax of Rs 65.75 crore during the April-June period a year ago, Jagran Prakashan Ltd (JPL) said in a BSE filing.
Jagran Prakashan hit a multi-year low of Rs 46.30 in the intra-day trade on November 19. In the past six months, it has underperformed the market by falling 48%, as compared to a 3% rise in the Sensex
As economy falters, first quarter ad revenues across media firms decline
The stock hit a 52-week low of Rs 145, down 9% on the BSE in intra-day trade.
The stock opened 5% higher at Rs 164 on the BSE after the company said its board scheduled to meet on Friday, 27th April, 2018 to consider the proposal for buy-back of shares.