I keep on suggesting to invest in Entertainment and Media sector as according to me that would be the next leader in the new bull run and so here I am into one more stock in the Entertainment and Media sector, TV Today. I see value in the stock for the following reasons.
- TV Today Network has declared its first quarter results on July 31 and Its net profit were up by 81%.
- Good growth channels like Headlines Today and Aajtak with Aajtak getting awards for best news channel on numerous occasions.
- Radio Today Broadcasting (RTBL) would be merging into TV Today Network.
- It has a very good balance sheet and have done a buy back of shares in July 2009.
I would not suggest to buy the shares at current market price but it could be a good stock to accumulate in declines from here.