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Look at Shemaroo Entertainment: Prakash Diwan

Prakash Diwan, Altamount Capital Management is of the view that one may look at Shemaroo Entertainment.

July 21, 2015 / 09:46 IST
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Prakash Diwan of Altamount Capital Management told CNBC-TV18, "If you see the last quarter numbers in Shemaroo Entertainment, they have not only got to know the tale but they have come through with pretty decent shape kind of business. They have realised that the new media business which is just about 12 percent of their overall topline contribution needs more bandwidth and more resource allocation. It is growing at around 35-40 percent." "In the bottom-line it is pretty decent this time around and given the fact that they have significantly large library of 3,000 plus titles which makes them a very strong player in this market. Even smaller players like Eros International Media with a much smaller library are tomming so much on that. I think Shemaroo is undiscovered of sorts," he said.

first published: Jul 21, 2015 09:46 am

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