Policy reforms to support media pack prices: Sadanand Shetty

In an interview with ET Now, Sadanand Shetty, Vice President and Senior Fund Manager, Taurus Asset Management Company, talks about media pack stock.

What is the call on media pack?

It is a significant news. Let’s understand what ordinance has been passed today has a significant impact and consequences on entire ecosystem. I have not seen any ordinance which would have such a significant impact across stakeholder whether it is broadcasting companies, content companies, DTH companies, cable companies as well as significantly investors.

So, this is definitely a statement of intent. We need to see parliament gets it cleared. And also significant challenge remains in terms of execution and we think these policy reforms will support the stock prices going forward in terms of corrective markets and as and when we see any significant changes significantly re-rate entire spectrum of companies. So we remain quite positive in some of those components of this industry.