Tulsian positive on Hathway Cable, DEN Networks.

SP Tulsian, sptulsian.com is positive on Hathway Cable and DEN Networks.

Tulsian told CNBC-TV18, "If you see the TRAI recommendation I think this is quite positive and if I break them up in three parts, one for broadcaster, second for MSO and third for LCOs (Local Cable Operators), I don’t think that there are any LCOs, which are listed on the stock exchanges. So LCOs will be seen the biggest loser which is not bothered, that is good for the industry also and that is very positive for broadcaster and MSO."

He further added, "If you see for broadcasters though one may debate that because of the carriage fee being upheld by the TRAI, they may seen as a loser. But I don’t agree at all because the kind of leakages or maybe the underreporting which we have been seeing by these LCOs will now get flown to the broadcasters and that will vastly get compensated.”

“If you come on the MSOs, there are only two players which are listed on the stock exchanges that is Hathway Cable and DEN Networks. You can say that DEN Networks is a very regional player. They have the strong presence in NCR regions. They have the better financials, they have the better strength of the balance sheet and all that. But Hathway has a Pan India presence. They have a wide reach and geography. So I will be taking positive call on both the stocks that is Hathway and DEN Networks from hereon.”

“But to argue that this is seen as negative for broadcaster, I don’t agree that at all and more specially the broadcasters those who have the pay channels will stand to get much more benefited, so overall very good move for the industry per se. Because the unorganized players were existing in LCO space, we don’t need to have any sympathy for them or have any protection for that lobby."