DEN Networks is a good bet at current levels, says SP Tulsian, sptulsian.com.
Tulsian told CNBC-TV18, "This gets reinforced when we saw that 1.1% stake has been acquired by the associates or the RIL arm in DEN Network and that has been my view earlier also that DEN Network looks to be the softest company where the stake can be given by the promoter but the only problem that the Den Network is regional, they have the strong presence in North. They don't have the presence in pan India; they have about 70-80 outlets or the subsidiaries in which they are holding the stake. So that is definitely likely to see the strategic alliance or maybe the tie up in respect to the Reliance Industries."
He further added, " Hathway , I don't know whether the Rajan Raheja group will really be serious in exiting from this because I don't think that they will really be interested in shedding their minority stake maybe of about 26% or something like that. The requirement of the Reliance is they always look a working partner also along with minority stake or along with the equal stake being held by the existing or the working promoter in the company. Taking these into consideration DEN Networks looks the most positive to take a call even at the current levels."
