Jagran Prakashan is currently trading at Rs. 115.00, up by 1.50 points or 1.32% from its previous closing of Rs. 113.50 on the BSE.
The scrip opened at Rs. 115.00 and has touched a high and low of Rs. 115.20 and Rs. 114.70 respectively. So far 1,757 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 154.40 on 24-Dec-2014 and a 52 week low of Rs. 106.00 on 13-Aug-2014.
Last one week high and low of the scrip stood at Rs. 125.10 and Rs. 113.00 respectively. The current market cap of the company is Rs. 3,807.00 crore.
The promoters holding in the company stood at 60.76% while Institutions and Non-Institutions held 28.46% and 10.78% respectively.
Jagran Prakashan (JPL) has completed the acquisition of ‘Radio City’. The company in its board meeting on December 16, 2014 had approved the entry of the company into the radio industry via acquisition of Music Broadcast (MBPL).
Music Broadcast (MBPL) runs India’s leading radio network under the name ‘Radio City’ and is present in 20 stations across 7 states. The network has a strong national presence, with a presence in the top 14 out of 16 advertisement revenue generating markets with a focus on SEC AB audiences.
MBPL’s FY15 revenues were Rs 209.4 crore, a growth of 30% over the previous year. MPBL’s operating margins for FY15 are 31%. The Profit after Tax for FY15 is Rs 43 crore, a growth of 100% over the previous year.
| Company Name | CMP |
|---|---|
| D.B. Corp | 214.40 |
| Navneet Education | 157.80 |
| Jagran Prakashan | 67.00 |
| HT Media | 23.96 |
| Hindustan Media Vent | 68.84 |
| View more.. | |
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