Jagran Prakashan rose 1.31% to Rs 85 at 9:48 IST on BSE after the company said its board of directors will consider a proposal for buyback of equity shares of the company at a meeting scheduled on 30 October 2013.
The announcement was made before market hours today, 21 October 2013.
Meanwhile, the S&P BSE Sensex was up 79.47 points or 0.38% at 20,962.36.
On BSE, 6,254 shares were traded in the counter as against average daily volume of 44,070 shares in the past two weeks.
The stock hit a high of Rs 86.70 and a low of Rs 84.45 so far during the day.
Jagran Prakashan's net profit rose 6.5% to Rs 59.34 crore on 20.7% growth in net sales to Rs 375.52 crore in Q1 June 2013 over Q1 June 2012.
Jagran Prakashan is a leading media and communications group, with its main interests across newspapers, outdoor, internet, magazines, below the line marketing solutions, and mobile value added services. Hindi newspaper Dainik Jagran is the flagship brand of the company.
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