Deccan Chronicle zooms after reporting strong Q4 nos

Deccan Chronicle has zoomed 14% to Rs 3.59 after the company reported a net profit of Rs 14.82 crore for the Jan-Mar quarter compared with a loss of Rs 2.21 crore in the previous quarter (Sep-Dec 2012).

Net sales for the quarter declined 54.87% to Rs 1,075.00 million, compared with Rs 2,382.00 million for the prior year period.

Earnings per share for the quarter stood at Rs 0.71, registering 26.04% decline over previous year period.

In the intraday deal, the stock opened at Rs 3.30 and made a high of Rs 3.65. Around 3.25 lakhs shares were traded in BSE.