TS Harihar of Karvy Stock Broking is of the view that one can hold Jagran Prakashan with a one-year perspective.
Harihar told CNBC-TV18, "If one looks at the price movement I think, Jagran Prakashan is the only media stock, which has rallied sharply and rapidly, with such good volumes in the last couple of months at a time when market was not in great fatal. Once the increase in stake by the London based Independent PLC happens, which should possibly happen anytime soon, then there is going to be a re-rating of stock. So I would suggest that hold on to the stock for a one-year perspective, it can surprise one on the upside there is no need to get out of it in hurry. There is much better time left for the stock."
Disclosure: We have recommended the above stock to a lot of our clients.
