Deccan Chronicle is on the growth path: Emkay
ET Now talks to Anish Damania, Head, Institutional Equity, Emkay Global Financial Services on media stocks.
By 
|
| ET Now talks to Anish Damania, Head, Institutional Equity, Emkay Global Financial Services on media stocks.
If you were to look at it, print versus television, would you look at any of these print media stocks because Deccan Chronicle has been active, HT Media active today as well, what do you do here?
We cover basically Deccan Chronicle, probably I could talk a little bit about that. Deccan Chronicle, if you see in terms of its media business or in terms of its print business, they are doing reasonably okay and they have come off those lows and it is on the growth path but the major kicker is coming from the ownership of their IPL franchise where the IPL sponsors had invited bids.
There has been some change in criteria where they are probably dropping a couple of clauses, so there will be re-bidding but the bids which we saw were at the $250 million to $275 million ranges. So if I were to look at it, then it adds some more upside to Deccan Chronicle's valuations. So today is probably a fall on the back of the news of withdrawal of the bidding process at this point of time, might be an opportunity to look at that stock.
If you were to look at it, print versus television, would you look at any of these print media stocks because Deccan Chronicle has been active, HT Media active today as well, what do you do here?
We cover basically Deccan Chronicle, probably I could talk a little bit about that. Deccan Chronicle, if you see in terms of its media business or in terms of its print business, they are doing reasonably okay and they have come off those lows and it is on the growth path but the major kicker is coming from the ownership of their IPL franchise where the IPL sponsors had invited bids.
There has been some change in criteria where they are probably dropping a couple of clauses, so there will be re-bidding but the bids which we saw were at the $250 million to $275 million ranges. So if I were to look at it, then it adds some more upside to Deccan Chronicle's valuations. So today is probably a fall on the back of the news of withdrawal of the bidding process at this point of time, might be an opportunity to look at that stock.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
