Santanu Chakrabarti, VP Research - Institutional Equities view on HT Media .
Chakrabarti told CNBC TV18, "HT Media, Pulp prices are a headwind but the fact is that I don't expect them to go back to the kind of levels that they did in the last cycle so that's some degree of comfort and secondly the fact is that there is now much more increased visibility in the key driver of the stock valuations which is essentially what it does in the Bombay business because Delhi is a settled business. The Delta in valuations does not come from there."
He further added, "By next year Bombay losses could be down to as low as Rs 10 crore and break even by the end of next financial year. So with that being there I think the kind of inflection point has been reached in the circulation numbers of HT wherein you are going to see much more delta on ad spends because from being a 20% sort of circulation to 30% circulation it moves the needle on advertising revenues much more than that much of percentage."
