Buy Zee Ent, Sun TV, TV18 on 3-4% correction: SP Tulsian

SP Tulsian of sptulsian.com advised buying Zee Entertainment, Sun TV and TV18 on a correction of about 3-4 percent.

Tulsian told CNBC-TV18, “I have been keeping positive stance on all the media stocks post this 31st March deadline which got digitization happening in about 38 cities. And that has been a very positive trigger for all media stocks, but honestly I have not seen that kind of reaction coming in which we have seen today.”
He further added, “If you really take the case of Sun TV, yes that has shown some uptick in this last maybe a week or so. But still if you take a call on Zee Entertainment, Sun TV, TV18 they are really good stocks, but one has to really look on the dips. My view on the May series is a bit cautious, so I will look to enter into these stocks maybe on a correction of about 3-4 percent.” Disclaimer: Moneycontrol.com and Television Eighteen Network are both part of the Network18 Group.