Rajesh Kothari bullish on media space

Rajesh Kothari, AlfAccurate Advisors is bullish on the media space.

Kothari told CNBC-TV18, "We are very bullish on the entire media pack. These are one of the steps where the government has seen basically the ball has started rolling on and I think the phase-2 deadline which is March 31, I think that is also going to be very strict implementation. So whether it is the MSO players, whether it is the broadcasters, I think what we are doing right now in our portfolio is that we are having a basket approach whereby we are holding Hathway, DEN, Zee TV, so these are the stocks which we are holding."
He further added, "We are very bullish on the entire media sector and we believe that this probably basket will not only give you 15-20 percent normalized market return but this stock has a potential to deliver probably even double in about two-three years timeframe because this is one sector where government is acting."
"Government is not going to be loser by implementing these reforms infact they are going to get huge benefits or probably it will also help on the income side of it, MSOs, broadcasters and consumers, it is going to be a win-win solution except to an extent of about cable operators. I think everybody is winner in this entire game and therefore the reforms will be implemented very strictly over next one-two years whether phase-3 or phase-4, that also probably will be implemented as per the government guidelines. So we are very bullish on this entire type of media."