DCHL drops 3% after it invites bids for Deccan Chargers???

Deccan Chronicle Holdings (DCHL) dropped nearly 3% on Friday after the company, which is under severe financial crisis, issued a tender notice inviting bids to sell the Deccan Chargers team. Videocon Industries is one of the front runners to buy out Deccan Chargers, the Deccan Chronicle Holdings (DCHL)-owned Indian Premier League"s Hyderabad franchisee.Shares ofthe companyare trading at Rs 11.86, down Rs 0.37, or 3.03% at the Bombay Stock Exchange (BSE) on Friday at 10:14 a.m.The scrip has touched an intra-day high of Rs 12.20 and low of Rs 11.21. The total volume of shares traded at the BSE is 288,033.In the earlier session, the shares lost 4.97%, or Rs 0.64, at Rs 12.23. Currently, the stock is trading down 81.25% from its 52-week high of Rs 63.25 and above 24.19% over the 52-week low of Rs 9.55.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 13.00 (0.77) (5.92) 1 Month 12.85 (0.62) (4.82) 3 Months 30.75 (18.52) (60.23) 6 Months 40.50 (28.27) (69.80) 1 Year 60.55 (48.32) (79.80) Note: Based on previous day closing price.