Prabhudas Lilladher has recommended a sell rating on UTV Software Communications. Despite the near term concerns, fundamentally the research firm remains positive on UTV for long term on account of its ability to scale across various platforms.
Prabhudas Lilladher has recommended a sell rating on UTV Software Communications , in its report dated May 15, 2009.
"Despite the near term concerns, fundamentally we remain positive on UTV for long term on account of its ability to scale across various platforms. However, the sharp run-up in the stock price (57% appreciation since April, 2009) in a short period, near term uncertainity relating to revenue sharing terms with multiplexes and valuations at which the company will increase its stake in UTVi, compels us to give a 'Trading Sell' on UTV," says Prabhudas Lilladher's research report.
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