Nitin Jain of Edelweiss Securities told CNBC-TV18, "Zee Entertainment and TV18 Broadcast are our top picks in the media space. It is possible that over the next 4-5 years one might see these stocks trading at 3-4 times the current valuations."
"There is a risk but it is a space which has its own challenges but if one has a 4-5 year kind of horizon and if one can make certain risk allocation this is a great space to be in," he added. Disclaimer: Moneycontrol.com and Television Eighteen Network are both part of the Network18 Group.
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