Jagran Prakashan slides after a bulk deal

Jagran Prakashan lost 1.39% to Rs 81.50 at 14:54 IST on BSE after a block deal of 6.51 lakh shares was executed on BSE at Rs 81.50 per share at 12:49 IST.

The block deal constitutes 0.19% of Jagran Prakashan's equity.

Meanwhile, the S&P BSE Sensex was down 435.71 points or 2.11% at 20,210.93.

On BSE, 6.52 lakh shares were traded in the counter as against average daily volume of 7,451 shares in the past one quarter.

The stock hit a high of Rs 82.80 and a low of Rs 80.50 so far during the day. The stock had hit a 52-week low of Rs 79 on 29 August 2013. The stock had hit a 52-week high of Rs 117.50 on 8 January 2013.

The stock had underperformed the market over the past one month till 19 September 2013, sliding 4.28% compared with the Sensex's 12.78% rise. The scrip had also underperformed the market in past one quarter, declining 6.56% as against Sensex's 7.28% rise.

The small-cap company has equity capital of Rs 66.38 crore. Face value per share is Rs 2.

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 India's leading media and communications group with its interests spanning across Print, OOH, Activations and Digital services.

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