DB Corp is currently trading at Rs. 357.55, up by 13.50 points or 3.92% from its previous closing of Rs. 344.05 on the BSE.
The scrip opened at Rs. 352.70 and has touched a high and low of Rs. 376.00 and Rs. 338.00 respectively. So far 81,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 367.00 on 27-May-2016 and a 52 week low of Rs. 286.55 on 21-Jan-2016.
Last one week high and low of the scrip stood at Rs. 376.00 and Rs. 317.00 respectively. The current market cap of the company is Rs. 6,569.00 crore.
The promoters holding in the company stood at 69.93% while Institutions and Non-Institutions held 25.99% and 4.08% respectively.
Reserve Bank of India (RBI) has notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest from 20% to 26% of the paid up capital of DB Corp under the Portfolio Investment Scheme (PIS). The total foreign investment in the company from all sources i.e. FII/RFPI/NRI/Foreign Direct Investment (FDI)/Persons of Indian Origin (PIO)/American Depository Receipts (ADR)/Global Depository Receipts (GDR) shall not exceed 26% of the paid up capital of the company.
The Reserve Bank further notified that the foreign share holding by FII/RFPI/ NRI/FDI/PIO/ADR/GDR in D.B. Corp have gone below the revised threshold limit stipulated under the extant FDI Policy. Hence, the restrictions placed on the purchase of shares of the above company are withdrawn with immediate effect. Recently, the company has passed resolutions at its Board of Directors’ level, agreeing for enhancing the limit for the purchase of its equity shares and convertible debentures.
DB Corp, informally known as the Dainik Bhaskar Group, is India’s largest newspaper group. It publishes 61 editions, serving 4.4cr readers across 14 states as of 2012.
| Company Name | CMP |
|---|---|
| D.B. Corp | 296.35 |
| Navneet Education | 136.50 |
| Jagran Prakashan | 83.80 |
| HT Media | 22.43 |
| Hindustan Media Vent | 89.76 |
| View more.. | |
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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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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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