{"id":115815,"date":"2023-12-19T13:15:32","date_gmt":"2023-12-19T07:45:32","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=115815"},"modified":"2023-12-19T13:51:59","modified_gmt":"2023-12-19T08:21:59","slug":"stock-jumps-by-6-after-it-plans-to-acquire-majority-stake-in-leading-content-management","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-jumps-by-6-after-it-plans-to-acquire-majority-stake-in-leading-content-management\/","title":{"rendered":"Stock jumps by 6% after it plans to acquire majority stake in leading content management group"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2448315745\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>On Tuesday share price of the microcap company rose 1.4 percent to its 52-week high of Rs 150 per share from its previous close of Rs 147.8 per share after the company plans to acquire a stake in a leading content management system group.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3039763371\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>According to the company&#8217;s filing, Quint Digital Ltd, a digital media company, has taken steps to acquire a majority stake in a leading content management system group with a presence in the Middle East, Far East, and African regions, at a valuation of approximately 1 crore US dollars.\u00a0<\/p><p>This potential acquisition is consistent with Quint Digital&#8217;s recent transition to a digital and media-tech-focused company. While the agreement is still non-binding, it is expected to be finalized by March 2024, bringing in a profitable company and increasing earnings per share.&nbsp;<\/p><p>Quint Digital Media subsidiary QML has sold its remaining 51 percent stake in QBM to Adani Enterprises subsidiary AMG Media. This means that QBM is no longer a subsidiary of Quint Digital, and two board members resigned on December 8th.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2099645685\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Looking at the Quint Digital Media Limited financials, the net revenue increased by 5 percent year over year, from Rs 20 crore in Q2FY23 to Rs 19 crore in Q2FY24. Their revenue rose by 20 percent sequentially from Rs 16 crore in Q1FY24 to the current levels.&nbsp;<\/p><p>In addition, the company&#8217;s net loss rose by 120 percent year over year, from a net loss of Rs 5 crores in Q2FY23 to a net loss of Rs 11 crores in Q2FY24. Their loss climbed from Rs 9 crore in Q1FY24 to the current levels on a sequential basis, a 22 percent increase.&nbsp;<\/p><p>The company has a low debt-to-equity ratio of 0.35 with a good current ratio and a quick ratio of 2.18, however, a return on equity ratio, return on capital employed ratio, and net profit margin are negative.&nbsp;<\/p><p>Quint Digital Media Limited is a micro-cap company with a market capitalization of Rs 730 crores. The promoter owns 57.6 percent of the company, the general public owns 35 percent, and foreign institutional investors own 7.4 percent of the company.&nbsp;<\/p><p>Quint Digital Media Limited&#8217;s primary business is the operation of websites via web, digital, or mobile media that may contain a variety of information such as current events, lifestyle, entertainment, and so on.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Sriram KV<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><p>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/p><div class=\"trade-content-10\" id=\"trade-1505292318\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-2066114528\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>On Tuesday share price of the microcap company rose 1.4 percent to its 52-week high of Rs 150 per share from its previous close of Rs 147.8 per share after the company plans to acquire a stake in a leading content management system group.&nbsp; According to the company&#8217;s filing, Quint Digital Ltd, a digital media [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":25483,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,13525],"tags":[],"class_list":["post-115815","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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