Buy DB Corp on declines: VK Sharma

Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by VK Sharma See what other Experts & Brokerages are saying about D B Corp See messages about D B Corp DB Corp BSE | NSE 17/02/12 Are Mutual Funds betting on DB Corp?

Buy DB Corp on declines, says VK Sharma of HDFC Securities.

Sharma told CNBC-TV18, "DB Corp is one stock which never went below the issue price, so from that perspective it was the strongest and it was oversubscribed. We like the stock because it operates essentially in the business of vernacular print where the advertisement rates are increasing at a much rapid space than the English language."

He further added, "The company has an entered into long term print arrangements which make it a best possible play for playing on the net profit margins. So even though the top-line may increase by 12-15% the bottom-line increase is to be seen around 100% in the coming year. From that perspective this stock can be bought at declines."

Disclosure: Analyst doesn't hold the above stock.