D B Corp Ltd
DBCORP

355.25

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353.15

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Buy
Reco. Price
Rs 376.50

Last updated on 16-Jan-2017

We recommend 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. The stock is trading at reasonable P/E of 17.5x in FY17E. (Target Price - Rs. 425)
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50 DMA (.)
363.27
100 DMA (.)
380.06
200 DMA (.)
371.51
Weekly Range (.)
355.00
388.70
Monthly Range (.)
346.10
388.70
52 Weeks Range (.)
286.35
447.70
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