This small-cap print media company stock under Rs 115 hit a fresh 52-week high in a volatile market

As the market is red the stock is skyrocketing by 12.99 per cent.

DB Corp Ltd is engaged in the business of publishing newspapers, and radio broadcasting, providing integrated internet and mobile interactive services and event management. Its major brands include Dainik Bhaskar (Hindi daily), Divya Bhaskar and Saurashtra Samachar (Gujarat daily), and Divya Marathi (Marathi daily). 

In Q1FY23, revenue grew by 62.39 per cent YoY to Rs 494.1 crore from Rs 304.26 crore in Q1FY22. On a sequential basis, the top line was up by 4.69 per cent. PBIDT (Ex OI) was reported at Rs 67.56 crore, up by 4694.68 per cent as compared to the year-ago period and the corresponding margin was reported at 13.67 per cent, expanding by 1321 basis points YoY. PAT was reported at Rs 31 crore, up by 239.31 per cent from Rs -22.25 crore in the same quarter of the previous fiscal year. The PAT margin stood at 6.27 per cent in Q1FY23 expanding from -7.31 per cent in Q1FY22. 

On Monday afternoon, at 12:37 pm, the S&P BSE SmallCap, of which the company is a part is at 28054.63, down by 0.43 per cent. The company shares hit a fresh 52-week high of Rs 112.05 and it has a 52-week low of Rs 72.65. The shares of the company have DB Corp Ltd have rallied 12.99 per cent and currently, the scrip is trading at Rs 107.85.