Reliance Industries (RIL) is likely to announce acquisition of Hathway Cable and Den Network on October 17, quoting Sources, reports CNBC-TV18.
RIL will get both the scale as well as the balance sheet benefit from this deal, according to Edelweiss
The company's total debt stood at Rs 1,617 crore as on March 31, and its net debt-to-equity ratio stood at 1.23.
The market breadth was in favour of the advances on Tuesday morning with 1047 stocks advancing as against 541 declines while 419 remained unchanged. On the other hand, 1292 stocks advanced and 701 stocks declined while 78 remained unchanged on the BSE.
Research firm places bets on an improvement in cable TV monetisation as well as roll out plans for fixed wireline broadband services.
Tata Steel | Golden Tobacco | JSW Steel | Edelweiss | Emami Paper | Shree Cement | Dishman Pharma | IRB Infra | Lupin | Umang Dairies | Future Enterprise | Ganesh Ecosphere and Capital First are stocks, which are in news today.
ShootOrder | Digital Marketing Company a digital marketing wing ...
The mobile user base declined 0.70 percent to 87.05 crore from 87.67 crore at the end of August 2013, according to data released by sectoral regulator Telecom Regulatory Authority of India (Trai).
According to Satish Gupta of astrostocktips.in, technology stocks like HCL Technologies, Hexaware Technologies and personal care stocks like Dabur India and Marico to get astrological support.
In an interview to CNBC-TV18, G Subramanium, CFO, Hathway said that there were expectations that cable operators will lose out to the DTH guys in phase II, which has not happened. Cable has done very well in the conversion from analog to digitisation.
Rajesh Kothari, AlfAccurate Advisors is bullish on the media space.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com said that for the next one month he is keeping a positive view on media and cement sector. He also recommended four media stocks, namly; Balaji Tele, Zee Entertainment, Hathway and Dish TV.
G Subramaniam, CFO of Hathway Cable believes Phase II is likely to be less challenging for them. The company has seen substantial rollout of set top boxes in the recent past, informed Subramaniam. He is also hopeful of seeing considerable growth in set top box sales in the second phase of digitisation.
The year gone by has seen its share of ups and downs and between Diwali-to-Diwali, the Nifty has seen a rise of over 9 percent. It is a good sign and the star performer has been the traditional defensive space
Officially, the government's digitization plan spanning the four metros - Mumbai, New Delhi, Chennai and Kolkata -- saw the end of analog cable era on October 31, 2012.
G Subramaniam, CFO, Hathway explains to CNBC-TV18 that the number of subscribers yet to shift to digital cable-TV ahead of the deadline is on the increase. However, he adds that the number of subscribers crossing over to the digital will be considerable as the deadline nears.
Dish TV is likely to trade in Rs 76-86 range, says SP Tulsian, sptulsian.com.
SP Tulsian, sptulsian.com advice traders to book profit in Dish TV around Rs 88-89.
G Subramaniam, chief financial officer, Hathway told CNBC-TV18 that relaxation of FDI norms will be of more benefit to media companies in the second phase of digitization than in phase one.
SP Tulsian, sptulsian.com is upbeat on media space. Dish TV can move up to Rs 80-85.
In an analysis of the day‘s trading, market analyst SP Tulsian of sptulsian.com picks IGL as a favourable stock with a target of about Rs 265-270. He is also positive on Hathway and Crompton Greaves.
In an interview to CNBC-TV18, G Subramanium, chief financial officer of Hathway says, the company is looking at 2 million subscriber base in phase I. “Along with our JV partners in Kolkata, which will be another 400,000 boxes, we should go upto about two million boxes in the first phase,” he adds.
DEN Networks is a good bet at current levels, says SP Tulsian, sptulsian.com.
Buy Balaji Telefilms on dips, says Sudarshan Sukhani, s2analytics.com.