Reliance MediaWorks a good long term play: Rajesh Jain, Market Strategist

Rajesh Jain, Market Strategist, in a chat with ET Now talks about his stock recommendations.

What are the stock recommendations that you are giving out to clients?

The media and entertainment space, particularly stocks that have a lot to do with movies, would be good bets ahead of Diwali and even on a 6-month horizon. Shree Ashtavinayak is very close to my target. There is big expectation from the releases around Diwali for this company. Eros International is a big player in the cinema space next only to Yash Raj Films and Yash Raj Films has not been having a good time of late.

I would recommend that Eros International be accumulated on all dips and Reliance MediaWorks - the big multiplex player in this country along with interest in production and film processing - is ripe to give you a 400 on the ticker 12 to 18 month period. So near term plays would be Shree Ashtavinayak and Eros and for a slightly longer term horizon, Reliance MediaWorks.