Prefer NDTV, Zee Enter to Reliance MediaWorks: Pradhan

Published on Thu, Oct 07, 2010 at 15:00 |  Source : CNBC-TV18

Updated at Thu, Oct 07, 2010 at 16:44  

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Mithil Pradhan, Sr. VP - Derivatives & Technical, Centrum Broking

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Prefer NDTV , Zee Entertainment Enterprises to Reliance MediaWorks , says Mithil Pradhan, Sr. VP - Derivatives & Technical, Centrum Broking.

Pradhan told CNBC-TV18, "Reliance MediaWorks has not offered any entry kind of signal. I never understood how it rallied 40% on a technical basis of course. But the ideal targets after looking at this 40% rally were any which way coming near Rs 290-300 kind of levels, which it has more or less achieved. Reliance MediaWorks I would not like get into but there are other media stories like NDTV and Zee Enter, over a period of time I think those will offer a better opportunity compared to Reliance MediaWorks."

Zee Entertain trailing 12-month (TTM) EPS was at Rs 10.75 per share. (Jun, 2010). The stock's price-to-earnings (P/E) ratio was 27.42. The latest book value of the company is Rs 56.81 per share. At current value, the price-to-book value of the company was 5.19. The dividend yield of the company was 0.68%.

  

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