Jagran Prakashan is trading 2% higher at Rs 124 on the back of huge volumes. Around one million equity shares changed hands on the counter through block deals on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The stock opened at Rs 123 and hit a high of Rs 126 so far on the NSE.
Yesterday, Jagran Media Network Investment Private Limited, one of the promoters had bought 18.14 million shares representing 5.74% stake in the company from other promoter. Shailendra Mohan Gupta had sold its entire stake through block deal on the NSE.