D B Corp Ltd
DBCORP

399.00

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398.90

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Buy
Reco. Price
Rs 399.45

Last updated on 21-Sep-2016

We recommend a BUY on the stock as we expect revenue to grow by 16% in FY17E. This will be driven by revival in ad volume and robust circulation growth. Additionally, acquisition of 13 radio frequencies in Phase III auctions to drive revenues. Stock is trading its reasonable P/E at 19x in FY1E. (Target Price – 450)
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50 DMA (.)
403.78
100 DMA (.)
381.65
200 DMA (.)
350.17
Weekly Range (.)
393.10
404.85
Monthly Range (.)
391.05
421.50
52 Weeks Range (.)
286.35
424.00
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