Target price of over Rs 52 on Dish TV: ICICI Direct

Pankaj Pandey, Head of Research, ICICI Direct

What would you do with media pack?

We like most of the media companies, Dish TV we like. We have a target price of over 52 on the stock. Deccan Chronicle is also one particular stock which we like a lot. We feel that all print media companies will do well since the high newsprint cost is out of the system now. The margins would be fairly stable and could be on a higher trajectory going forward. In that sense, even Deccan Chronicle looks good. Among multiplexes, PVR remains our top pick. We feel that the problems what they had faced last year is one of kind of a nature and going forward, we expect both occupancies and revenue stream going forward and we will have better content also going forward and since these stocks are available quite attractive, though from a near term perspective, it might look expensive but if you factor in a normal year, these stocks are looking quite attractive and PVR remains our top pick in that particular case in multiplexes.