 Poll Vault: Media stocks surge on rising ad spend hopesPublished on Tue, Mar 17, 2009 at 10:38 | Source : CNBC-TV18 Updated at Tue, Mar 17, 2009 at 20:49 3305 Investors following TV TodayNetwork. Share this News with them.
Media industry is seeing an overall downtrend in advertisement spending due to macro economic conditions. It is a challenging time for TV Today due to its primary presence in cluttered hindi news market. News channels may be more affected by advertising slowdown. However, election and budget season in Q2 FY10 and Q4 FY10 could offer some respite. Regional channels are expected to outperform broadcasting space.
Page 3: Experts take on media sector _PAGEBREAK_Experts take on sector
Bose said, "Apart from that even TV18, Sun TV, NDTV, all these stocks are showing that there was some kind of base formation and are showing potential to move up further. Possibly if the market sustains they will move up even further."
He thinks there is going to be a consolidation. As lot of channels are closing down, he thinks NDTV also closed down its Metro Nation. "It is losing a lot of money and other properties and is having its own shares of problems like Peter Mukherjee leaving etc. One could see some M&A games in the sector."
Trending NewsBusiness News
|
News PM Says Sharp Fall Of Rupee Is A Matter Of Concern  The latest earning numbers FIRST on CNBC-TV18
Videos
May 29 2012, 12:19 Expect Tata Motors Q4 PAT at Rs 4200 cr: StanChart - in Brokerage Results Estimates Interviews
 May 29 2012, 17:34 | Source: CNBC-TV18  May 29 2012, 15:44 | Source: CNBC-TV18  Subscribe to Moneycontrol Newsletters |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Rajat Bose said a number of media stocks have surged. He said he would like to focus on TV Today. According to him, if the stock were to stay above Rs 67-68 and doesn't come below that in profit booking then chances are that one might see another 10-20% surge in that. Around Rs 90, there will be lot of resistance and that is why there is still scope of 10-20%, he added.
PN Vijay suggests buying TV18. According to him, Colors is doing extremely well and CNBC TV-18 is a very strong brand, which has survived in this bear market. 
