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Quint Digital is currently trading at Rs. 155.00, up by 7.20 points or 4.87% from its previous closing of Rs. 147.80 on the BSE.
The scrip opened at Rs. 150.00 and has touched a high and low of Rs. 160.00 and Rs. 146.05 respectively. So far 111250 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 191.40 on 21-Dec-2022 and a 52 week low of Rs. 79.70 on 06-Feb-2023.
Last one week high and low of the scrip stood at Rs. 160.00 and Rs. 145.00 respectively. The current market cap of the company is Rs. 727.71 crore.
The promoters holding in the company stood at 57.67%, while Institutions and Non-Institutions held 7.46% and 34.87% respectively.
Quint Digital (QDL) has entered into an exclusive, non-binding Letter of Intent to acquire a significant majority stake in the leading Digital Content Management System and Services group having a presence in the Middle East, Far East and African regions, at a valuation of around $10 million (subject to due diligence/customary adjustments etc.). The non-binding Letter of Intent provides an exclusive negotiation period of 90 days during which QDL will conduct necessary due diligence and negotiate definitive, binding agreements. Preliminary diligence, which is subject to confirmation, shows that the target company is profitable, and the acquisition is expected to be strongly EPS accretive. QDL had in August 2023 rebranded itself as a pure play ‘digital’ company’ to resonate better with its vision, strategy, and digital focus. The proposed acquisition is in-line with the strong pivot made by the Company towards being a digital and media-tech/AI-focused company.
It is anticipated that the final transaction subject to completion of customary due diligence, negotiation, and execution of definitive binding agreements, and required approvals, will be completed by March 1, 2024.
Quint Digital is primarily engaged in the business of running websites through web, digital or mobile media and which may include various information including current affairs, lifestyle, entertainment etc.
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MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
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.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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