Jagran Prakashan surges 18% as firm plans to consider buyback on March 2

The stock is up for the second day in a row and has gained nearly 24 per cent in two days

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The firm, earlier this month, reported a net profit of Rs 82.64 crore in Q3FY21, up by 6.9 per cent from Rs 77.30 crore posted in the same period last year

SI Reporter New Delhi
Shares of Jagran Prakashan surged 18 per cent to Rs 57.65 in intra-day trade on Monday after the company on Saturday informed exchanges that its board would mull buyback plan during its next Board meeting.  

"The meeting of Board of Directors of Jagran Prakashan Limited is scheduled to be held on Tuesday, March 02, 2021, inter-alia, to consider the proposal for buyback of the fully paid-up equity shares of the Company, as well as matters related/ incidental thereto," the company said in an exchange filing. READ HERE

The company also announced the closure of trading window from

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First Published: Feb 22 2021 | 11:30 AM IST

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