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D B Corp Ltd gained for a third straight session today. The stock is quoting at Rs 274.5, up 1.33% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.43% on the day, quoting at 24628.25. The Sensex is at 80338.6, down 0.47%. D B Corp Ltd has risen around 0.94% in last one month.
Meanwhile, Nifty Media index of which D B Corp Ltd is a constituent, has risen around 0.86% in last one month and is currently quoting at 1611, down 0.26% on the day. The volume in the stock stood at 71776 shares today, compared to the daily average of 62371 shares in last one month.
The PE of the stock is 14.46 based on TTM earnings ending June 25.
The cities at which the stations have been allocated are greenfield cities as far as radio is concerned and FM will reach the population for the first time in these cities.
The license shall be valid for a period of 15 years from the date of operationalisation of the radio station.