Dipan Mehta, Member, BSE/NSE is of the view that one can buy media stock on declines.
Mehta told CNBC-TV18, "I think fantastic listing for Shree Ashtavinayak Cine Vision and Pyramid Saimira . It is a space, which we like but I think valuations are getting a bit expensive. Going into these companies, media, exhibition that is very difficult call to make a quite an accurate guess as to what the earnings could be especially film production companies, we do not know whether the next production will be a success or not or how much revenues they could generate from that."
He further added, "It is a great space to be, it is an exciting space to be in. I think it is better to buy at declines. As of now, there is not much of margin or safety in any of these two stocks or for that matter a several of the other media stocks."
