The Board of Jagran Prakashan at its meeting held on 09 December 2019 has approved the buyback of company's equity shares for an aggregate amount not exceeding Rs 101.25 crore at a price not exceeding Rs 75 per share.

The maximum number of equity shares to be bought back would be 1.35 crore (representing 4.55% which is less than 25% of the existing paid up equity capital of the company).

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Jagran Prakashan will hold a meeting of the Board of Directors of the Company on 9 December 2019.

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Jagran Prakashan Ltd is up for a fifth straight session today. The stock is quoting at Rs 61.95, up 0.16% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.28% on the day, quoting at 11984.95. The Sensex is at 40633.29, down 0.36%. Jagran Prakashan Ltd has gained around 14.19% in last one month.

Meanwhile, Nifty Media index of which Jagran Prakashan Ltd is a constituent, has gained around 2.39% in last one month and is currently quoting at 1850.65, down 2.99% on the day. The volume in the stock stood at 2.47 lakh shares today, compared to the daily average of 11.68 lakh shares in last one month.

The PE of the stock is 6.89 based on TTM earnings ending September 19.

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Jagran Prakashan Ltd is up for a third straight session today. The stock is quoting at Rs 51.9, up 1.86% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.54% on the day, quoting at 11904.15. The Sensex is at 40358.99, down 0.53%. Jagran Prakashan Ltd has slipped around 9.9% in last one month.

Meanwhile, Nifty Media index of which Jagran Prakashan Ltd is a constituent, has slipped around 14.17% in last one month and is currently quoting at 1939.15, up 2.16% on the day. The volume in the stock stood at 5.07 lakh shares today, compared to the daily average of 7.83 lakh shares in last one month.

The PE of the stock is 5.67 based on TTM earnings ending September 19.

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