Short Deccan Chronicle, says Thunuguntla

Short Deccan Chronicle, says Jagannadham Thunuguntla of SMC Global.

Thunuguntla told CNBC-TV18, "Deccan Chronicle is on the short side with a day target price of Rs 54.50. As the Tamil Nadu government has passed the bill levying entertainment tax on the IPL, so Deccan Chronicle being owner of Deccan Chargers understandably there will be some pressure on the stock on the back of the new entertainment tax on the IPL teams with a day target price of Rs 54.50."