Monday, May 26, 2008

Deccan Chronicle Holdings in the news

Deccan Chronicle Holdings gained 0.36% to Rs 137.95 at 10:53 IST on BSE after the company said it today launched Bangalore Edition of its English daily newspapers Deccan Chronicle and Financial Chronicle.

The stock hit a high of Rs 140 and a low of Rs 135 so far during the day. The stock had a 52-week high of Rs 270.10 on 4 January 2008 and the stock hit a 52-week low of Rs 134.45 on 24 March 2008.

The company’s current equity is Rs 48.98 crore. Face value per share is Rs 2.

The current price of Rs 137.95 discounts its Q3 December 2007 annualised EPS of Rs 16.81, by a PE multiple of 8.21.

In April 2008, Deccan Chronicle Holding launched a new financial daily Financial Chronicle in Hyderabad and Chennai.

Deccan Chronicle Holdings’ net profit rose 112.5% to Rs 102.94 crore on 47.7% growth in net sales to Rs 216.20 crore in Q3 December 2007 over Q3 December 2006.

Deccan Chronicle Holdings' principle activity is to publish newspapers. The company's English daily is circulated in Hyderabad and Andhra Pradesh.

No comments: