With all Political parties trying to woo voters, they will use both print and electronic media to reach out to critical masses. Media stocks comprise of 2 categories -
Electronic Media - TV Channels
Best Buy :
TVToday CMP Rs.120 SL 110 for a Target Price of Rs.150
Jumped 10% during last week wait for a correction to enter around 112. Got Indias Largest Circulated weekly as well as a TV channel.
For Average Returns of 15-20% consider the following scrips part of Media group
TV18 Media - Buy around Rs.22 SL 18 for a target of Rs.32
NDTV - Buy around Rs.70 SL of 63 for a target prrice of Rs.90
SunTV - Buy around Rs.340 SL of Rs.320 for a target price of Rs.400
Print Media - News Papers
Jagran Prakashan - CMP 87 stop loss 79 for target price of Rs.105
HTMedia - CMP 70 (close to 52Week Low) SL of 66 for a target price of Rs.106
Savvy investors are buying these scrips to hold for a period of 6 months - the ad revenues as well as sales of publications give edge to Print Media scrips.
Look for any dip from the current prices indicated above buy and hold for 4-5 months for returns that could be more than
Ingenious Investor
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