Prefer Hindustan Media Ventures: Mayuresh Joshi

Mayuresh Joshi - fund manager - PMS at Angel Broking told CNBC-TV18, "What we will probably like is Hindustan Media Ventures, the results have been quite encouraging in the quarter gone by and again our own estimates are that the top line will grow on a compounded basis around 11 percent, the bottom line should grow by around 9 percent. A very strong balance sheet and again the kind of advertising growth that it has probably seen both in volume terms and yield terms, that probably augers well for the company."

"Not too far behind is the subscription part of business and the Hindi reading belt of Jharkand, Bihar, Uttarakhand, that will provide impetus for its subscription avenues as well. Again from a valuation perspective not too expensive at this current valuation as well so Hindustan Media Venture is something that we will probably like, we will probably avoid Sun TV at least at this point of time," he said.