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Deccan Chronicle Holdings is currently trading at Rs. 16.75, down by 1.80 points or 9.70% from its previous closing of Rs. 18.55 on the BSE.
The scrip opened at Rs. 16.70 and has touched a high and low of Rs. 18.35 and Rs. 16.70 respectively. So far 686232 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 73.50 on 29-Jul-2011 and a 52 week low of Rs. 18.35 on 27-Jul-2012.
Last one week high and low of the scrip stood at Rs. 26.85 and Rs. 16.70 respectively. The current market cap of the company is Rs. 351.07 crore.
The promoters holding in the company stood at 73.83% while Institutions and Non-Institutions held 8.67% and 17.50% respectively.
With liabilities of Deccan Chronicle Holdings running into crore, Industrial Finance Corporation of India (IFCI) has filed winding-up petition against the Hyderabad-based company in the High Court on the grounds of company being on the verge of being commercially unviable and solvent.
Further towards this development, government established financial consultant has requested the High Court to appoint an official liquidator in order to pin down the company and its officials from disposing of, transferring or encumbering any of the company's assets ahead of the final disposal of the petition.
This move of the development Financial Institution came after the company defaulted on redemption of 250 unsecured redeemable non-convertible debentures (NCDs) earlier on June 26 this year, besides failing to pay up its dues of Rs 27.80 crore. This petition is also triggered by DCHL’s chairman T Venkattram Reddy’s stamp undertaking acknowledgement of paying off company’s liability amounting to Rs 25 crore plus interest on NCDs by July 4, this year.
Deccan Chronicle Holdings is one of the leading publication houses in Andhra Pradesh (AP). Its publications include Deccan Chronicle, Andhra Bhoomi and Financial Chronicle.
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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