Analysts positive on media sector

Analysts are optimistic on the media sector and believe that it is providing good investment opportunities.

Deepak Chhabria of IL&FS Investsmart is postitive on the media space but believes that it is too early to comment on specific stocks

He says, "Media as a basket should be definitely bought but it is too early to talk about stock specific stories."

He adds that, the media sector will also see huge investments coming in from international investors, since it is a sector that interests a lot of international funds coming to India.

Gajendra Nagpal of Unicon Financial Intermediaries says that, they have been buying into media stocks in a big way.

His top picks from this sector are TV18 , NDTV and Mid-Day .

Gaurang Shah of Geojit Financial Services says that, TV Today has witnessed good volumes and it is holding strong. This is one counter that is looking interesting , and it should be a good bet at a stop loss of around Rs 110-112 levels, he says.

However, he adds that, other than TV Today , he is not comfortable with any other media stocks right now, since the run up has already taken place in most of these counters.

Krishnamurthy Vijayan of JM Mutual Fund says that, the media space has a good investment opportunity, and there are plenty of midcap funds that are waiting to take interest in them.