ENIL's prospects encouraging: CD Equisearch

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ENIL's prospects encouraging: CD Equisearch

Nilesh Vasa of CD Equisearch says that ENIL has posted good numbers and the prospects for the company are encouraging.

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Nilesh Vasa of CD Equisearch says that ENIL has posted good numbers and the prospects for the company are encouraging.

Vasa mentions, "ENIL has posted good numbers and Radio Mirchi is establishing its leadership. It's already a leader in Mumbai and Delhi. Now it is opening a new centre in Kolkata. If has to go a bit into the numbers, the profitability is as high as 50% because there was one time credit in the previous corresponding quarter."

In his view, "The prospects for the company are encouraging. Though the focused business is good, they are also planning to get into few new areas. So Radio Mirchi, as an entertainment network, looks good. It's a definite hit this time."