( Recommended in SAKAL NEWS PAPER. Arthvishwa ) : 25th May 2009
Deccan Chronicle Holdings Ltd ( DCHL ) : Rs 79.90
Notables Observes :
- The Deccan Chronicle Holdings Limited (DCHL) was incorporated in the year 2002. The Company is actively engaged in publishing of the news paper namely Deccan Chronicle (DC).
- DC is an English language newspaper simultaneously published in the states of Andhra Pradesh (AP) and Tamil Nadu in India.
- They also publish Andhra Bhoomi in Telugu, which are daily, weekly, and monthly magazines. The newspaper takes its name from its place of origination, the Deccan region of India. In terms of readership, it is India's fourth largest English language newspaper.
- The Company aims to be the leading publishing media in the Country and also wants to emerge as the major wing in the print media and entertainment industry.
Share Holding Pattern :
- Promoters : 63 %
- Public : 37%
Technical Overview :
- The stock On Daily Chart has given an "Flag Breakout" with huge volumes,indicating the stock to outperform in short term.The stock is recommended to buy cmp Rs 79.90 with Short term view.
Support Levels :
- Support 1 : 75
- Support 2 : 68
- Support 3 : 65
Stoploss : 61 on closing basis.
Targets :
- Target 1 : 93
- Target 2 : 104
- Target 3 : 134
Period : 4 to 5 months.