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Jagran Prakashan jumps on issuing commercial paper worth Rs 50 crore

20 Nov 2019 Evaluate

Jagran Prakashan is currently trading at Rs. 50.05, up by 3.40 points or 7.29% from its previous closing of Rs. 46.65 on the BSE.

The scrip opened at Rs. 47.90 and has touched a high and low of Rs. 51.35 and Rs. 47.90 respectively. So far 38948 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 128.00 on 29-Mar-2019 and a 52 week low of Rs. 46.30 on 19-Nov-2019.

Last one week high and low of the scrip stood at Rs. 56.40 and Rs. 46.30 respectively. The current market cap of the company is Rs. 1495.40 crore.

The promoters holding in the company stood at 61.60%, while Institutions and Non-Institutions held 28.84% and 9.56% respectively.

Jagran Prakashan has issued commercial paper of Rs 50 crore at an interest rate of 5.75%, for a period of 36 days, earmarked against the working capital limit of the company. The company enjoys a CRISIL rating of A1+ for its commercial paper.

Jagran Prakashan has business interests in area of newspapers, outdoor, internet, magazines, below the line marketing solutions, and mobile value added services.

Peers
Company Name CMP
D.B. Corp 187.55
Jagran Prakashan 61.90
HT Media 23.94
Navneet Education 125.10
S Chand And Company 133.30
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