D B Corp gains as HDFC Mutual Fund buys stake

D B Corp rose 1.36% to Rs 295 at 14:31 IST on BSE, after HDFC Mutual Fund bought 0.54% stake in the company on Wednesday, 9 April 2014.

Meanwhile, the S&P BSE Sensex was up 50.41 points or 0.22% at 22,752.75

On BSE, so far 86,357 shares were traded in the counter as against average daily volume of 1.05 lakh shares in the past one quarter.

The stock hit a high of Rs 302.85 and a low of Rs 289.90 so far during the day. The stock had hit a record high of Rs 344.50 on 23 January 2014. The stock had hit a 52-week low of Rs 211 on 11 September 2013.

The stock had underperformed the market over the past one month till 9 April 2014, falling 2.76% compared with the Sensex's 3.57% rise. The scrip had also underperformed the market in past one quarter, falling 3.9% as against Sensex's 9.6% rise.

The mid-cap company has equity capital of Rs 183.48 crore. Face value per share is Rs 10.

HDFC Trustee Company under HDFC Infrastructure Fund bought 10 lakh shares of D B Corp at Rs 295 per share in a bulk deal on the BSE on Wednesday, 9 April 2014. Girish Agarwal, Pawan Agarwal and Sudhir Agarwal sold 18.50 lakh shares, 16.59 lakh shares and 19 lakh shares, respectively, at Rs 295 per share in separate bulk deals on the BSE on Wednesday, 9 April 2014.

Part of promoter and promoter group, Girish Agarwal, Pawan Agarwal and Sudhir Agarwal owned 13.68%, 15.35% and 14.55% stakes, respectively, in D B Corp (as per the shareholding pattern as on 31 December 2013).

D B Corp's consolidated net profit rose 33.8% to Rs 94.46 crore on 18.7% growth in total income to Rs 525.62 crore in Q3 December 2013 over Q3 December 2012.

D B Corp is India's largest print media company that publishes 8 newspapers with 66 editions, 199 sub-editions in 4 multiple languages across 13 states in India.

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