Media stocks underperform in 2022 but may still see an upside of up to 40%
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In Spotlight
The Nifty Media index has given a negative return this year, down about 4.5%, while the benchmark index, Nifty50, rose about 6 percent during the same period. In the last five calendar years, Nifty Media ended in red four times. The only year it ended positively was 2021, when it gained about 35 percent but also outperformed Nifty50, which also saw a surge of about 24 percent. In 2022, 6 out of 10 Nifty Media stocks have given negative returns to their investors (Data Source: ACE Equity). Take a look:
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Nazara Technologies | Upside Potential: 41%
YTD Returns: -47%
CMP: Rs 601.35 | 52-week high: Rs 1343.50
According to Trendlyne data, the average estimated share price target is Rs 845, a potential upside of around 41%.
CMP: Rs 601.35 | 52-week high: Rs 1343.50
According to Trendlyne data, the average estimated share price target is Rs 845, a potential upside of around 41%.
3/7
Saregama India | Upside Potential: 27%
YTD Returns: -32%
CMP: Rs 358.70 | 52-week high: Rs 550.59
According to Trendlyne data, the average estimated price target is Rs 455, a potential upside of around 27%.
CMP: Rs 358.70 | 52-week high: Rs 550.59
According to Trendlyne data, the average estimated price target is Rs 455, a potential upside of around 27%.
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4/7
Inox Leisure | Upside Potential: 20%
YTD Returns: 52%
CMP: Rs 535.45 | 52-week high: Rs 619.35
According to Trendlyne data, the average estimated target is Rs 641, a potential upside of around 20%.
CMP: Rs 535.45 | 52-week high: Rs 619.35
According to Trendlyne data, the average estimated target is Rs 641, a potential upside of around 20%.
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PVR | Upside Potential: 18%
YTD Returns: 39%
CMP: Rs 1810.10 | 52-week high: Rs 2214.85
According to Trendlyne data, the average estimated price target is Rs 2128, a potential upside of around 18%.
CMP: Rs 1810.10 | 52-week high: Rs 2214.85
According to Trendlyne data, the average estimated price target is Rs 2128, a potential upside of around 18%.
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Zee Entertainment Enterprises | Upside Potential: 17%
YTD Returns: -19%
CMP: Rs 258.30 | 52-week high: Rs 371.50
According to Trendlyne data, the average estimated share price target is Rs 303, a potential upside of around 17%.
CMP: Rs 258.30 | 52-week high: Rs 371.50
According to Trendlyne data, the average estimated share price target is Rs 303, a potential upside of around 17%.
7/7
Sun TV Network | Upside Potential: 16%
YTD Price Return: 1%
CMP: Rs 504.20 | 52-week high: Rs 568.50
According to Trendlyne data, the average estimated price target is Rs 585, a potential upside of around 16%.
(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of the Economic Times)
CMP: Rs 504.20 | 52-week high: Rs 568.50
According to Trendlyne data, the average estimated price target is Rs 585, a potential upside of around 16%.
(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of the Economic Times)