SP Tulsian of sptulsian.com told CNBC-TV18, "Entertainment Network India owns Radio Mirchi. The company’s EBITDA was at Rs 38 crore and for Q2 it was Rs 25 crore. Its operating profit was at Rs 30 crore against Rs 17 crore; I am referring all these numbers on a quarter-on-quarter basis. The PAT is very high at Rs 26 crore against Rs 16 crore in the previous quarter."
He further added, "The company is on an upward trajectory with EPS of Rs 5.43 for Q3 against nine months EPS of Rs 13. So I think market has been quite positive on the stock, but apart from that the numbers are going to get liked by the market very much and at Rs 345, may be for a rise of about Rs 30 in a week’s time one can buy the stock."
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