DB Corp terminates license agreement with DMCL
D.B. Corp Limited (DBCL) on Friday has announced that its contract with Diligent Media Corporation Limited (DMCL) has been terminated mutually with effect from the close of business hours on Thursday.
Consequent to this DBCL will stop publication of DNA newspaper from Jaipur, Ahmedabad cities from Friday, June 16, 2017, and onwards.
DBCL had earlier entered into a publication license agreements with DMCL, whereby DMCL had granted an exclusive license to DBCL to print, edit, publish, circulate and market the newspaper titled – “DNA – Daily News & Analysis” together with its supplement in the cities of Jaipur and Ahmedabad.
The stock of D.B. Corp on the NSE hit a high of Rs 377 per share higher by over 1% at 0930 hours.
Stock view :-
D B Corp Ltd is currently trading at Rs 373.85, up by Rs 1.8 or 0.48% from its previous closing of Rs 372.05 on the BSE.
The scrip opened at Rs 377.25 and has touched a high and low of Rs 377.3 and Rs 372.5 respectively. So far 2660(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 6842.84 crore.
The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 447.85 on 20-Oct-2016 and a 52 week low of Rs 345 on 26-Dec-2016. Last one week high and low of the scrip stood at Rs 382 and Rs 365 respectively.
The promoters holding in the company stood at 69.87 % while Institutions and Non-Institutions held 24.72 % and 5.41 % respectively.
The stock is currently trading below its 200 DMA.
D B Corp Ltd :-
BSE 373.85 1.80 (0.48%)
NSE 375.00 1.45 (0.39%)
Consequent to this DBCL will stop publication of DNA newspaper from Jaipur, Ahmedabad cities from Friday, June 16, 2017, and onwards.
DBCL had earlier entered into a publication license agreements with DMCL, whereby DMCL had granted an exclusive license to DBCL to print, edit, publish, circulate and market the newspaper titled – “DNA – Daily News & Analysis” together with its supplement in the cities of Jaipur and Ahmedabad.
The stock of D.B. Corp on the NSE hit a high of Rs 377 per share higher by over 1% at 0930 hours.
Stock view :-
D B Corp Ltd is currently trading at Rs 373.85, up by Rs 1.8 or 0.48% from its previous closing of Rs 372.05 on the BSE.
The scrip opened at Rs 377.25 and has touched a high and low of Rs 377.3 and Rs 372.5 respectively. So far 2660(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 6842.84 crore.
The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 447.85 on 20-Oct-2016 and a 52 week low of Rs 345 on 26-Dec-2016. Last one week high and low of the scrip stood at Rs 382 and Rs 365 respectively.
The promoters holding in the company stood at 69.87 % while Institutions and Non-Institutions held 24.72 % and 5.41 % respectively.
The stock is currently trading below its 200 DMA.
D B Corp Ltd :-
BSE 373.85 1.80 (0.48%)
NSE 375.00 1.45 (0.39%)
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