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Last Updated : Jul 30, 2016 12:37 PM IST | Source: CNBC-TV18

Dish TV may go upto Rs 112, hold Zee Entertainment: Anu Jain

According to Anu Jain IIFL Private Wealth Management, Dish TV may go upto Rs 112 while she advises holding Zee Entertainment Enterprises.

Anu Jain of IIFL Private Wealth Management told CNBC-TV18, "You are seeing a spurt in media coming in. Even Sun TV Network for that matter from about Rs 370 zoomed to about Rs 450 odd. So, it is a move for the whole sector. You will probably see TV18 Broadcast and the other media stocks also kind of move in for that fact. Dish TV has potential to go upto about Rs 111-112. It has stayed and consolidated in the Rs 90-97 levels. Keep stop loss of Rs 96, it can hit Rs 112, not that we are advising a buy for investors right now but for traders it has a positive bias."

"Zee Entertainment is at 52-week high, you can hold it, there could possibly be Rs 535-540. The stop loss should be about Rs 480, around there. I think there could be more momentum coming in Sun TV as well. So, probably that could give you another 5-6 percent. However these are momentum plays and at these levels probably it doesn't make sense to get into the stock," she added.

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First Published on Jul 30, 2016 12:37 pm
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