DCHL falls after SC refuses to stay Deccan Chargers termination

Deccan Chronicles Holdings (DCHL) fell on Monday after the Supreme Court dismissed petition of cash-strapped company challenging termination of Deccan Chargers, which is owned by DCHL, from the Indian Premier League (IPL) by the BCCI.

This means BCCI can hold auction to find new buyers for Deccan Chargers. Shares ofthe companyare trading at Rs 8.03, down Rs 0.31, or 3.72% at the Bombay Stock Exchange (BSE) on Monday at 9:50 a.m.The scrip has touched an intra-day high of Rs 8.07 and low of Rs 7.93. The total volume of shares traded at the BSE is 197,316.In the earlier session, the shares lost 3.81%, or Rs 0.33, at Rs 8.34. Currently, the stock is trading at all time 52-week low, which is below 85.91% over the 52-week high of Rs 57.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 9.60 (1.26) (13.13) 1 Month 9.36 (1.02) (10.90) 3 Months 26.15 (17.81) (68.11) 6 Months 35.45 (27.11) (76.47) 1 Year 54.00 (45.66) (84.56) Note: Based on previous day closing price.