Jagran Prakashan Ltd is up for a third straight session today. The stock is quoting at Rs 45.2, up 1.69% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.13% on the day, quoting at 14150.95. The Sensex is at 48267.83, up 0.19%. Jagran Prakashan Ltd has gained around 2.73% in last one month.

Meanwhile, Nifty Media index of which Jagran Prakashan Ltd is a constituent, has gained around 2.84% in last one month and is currently quoting at 1675.6, down 0.1% on the day. The volume in the stock stood at 4.37 lakh shares today, compared to the daily average of 5.93 lakh shares in last one month.

The PE of the stock is 10.97 based on TTM earnings ending September 20.

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Jagran Prakashan has subscribed on rights basis (Rights Issue) 25,00,000 equity shares in its immaterial wholly-owned subsidiary, Mid-day Infomedia, of Rs 10 each at a premium of Rs 10 per share, for cash.

Post the allotment of shares as above, Mid-day Infomedia shall continue to be a wholly owned subsidiary of the Company.

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Jagran Prakashan Ltd is down for a fifth straight session today. The stock is quoting at Rs 42.5, down 1.62% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.72% on the day, quoting at 13661.25. The Sensex is at 46664.14, down 0.63%.Jagran Prakashan Ltd has added around 6.65% in last one month.Meanwhile, Nifty Media index of which Jagran Prakashan Ltd is a constituent, has increased around 12.81% in last one month and is currently quoting at 1691.75, down 1.49% on the day. The volume in the stock stood at 2.38 lakh shares today, compared to the daily average of 6.57 lakh shares in last one month.

The PE of the stock is 10.71 based on TTM earnings ending September 20.

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The CP was allotted to ICICI Prudential Ultra Short Term Fund (MIP5). It offers interest rate of 4.10% and will mature on 4 March 2021. The instrument is rated CRISIL A1+.

Jagran Prakashan is a media and communications company with interests in print, digital, radio, out-of-home (OOH) and activation.

On a consolidated basis, the company's net profit slumped 89.4% to Rs 12.91 crore on a 43.8% fall in net sales to Rs 289.11 crore in Q2 September 2020 over Q2 September 2019.

Shares of Jagran Prakashan fell 0.6% at Rs 41.5 on Friday.

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