Exit Mid Day Multimedia: VVLN Shastri

Published on Tue, Nov 20, 2007 at 13:00 |  Source : Moneycontrol.com

Updated at Tue, Nov 20, 2007 at 15:11  

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VVLN Shastri, ,, Firstcall India Equity Advisor

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VVLN Shastri of Firstcall India Equity Advisor is of the view that one can exit Mid Day Multimedia .

Shastri told CNBC-TV18, "Barring that newsflow of the radio foray by the Mid Day if you look at from the angle of their earnings the company has been showing constantly for the past three quarters the negative returns. I feel even though last year for the first three quarters company could show profits but on an annualized basis it showed losses. And this stand off showing losses may continue at least for a while till it further rejuvenates its revenue model and to that extent I do not foresee any kind of positive parameters coming fundamentally for one to take a call on this stock. So my call is basically to exit from this stock and look for alternate revenues."

Disclosure: Analyst doesn't hold the above stock.

  

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