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STOCKSmania by Garima Sabharwal - In focus media stocks

IN FOCUS: Media Stocks


STOCKSmania by Garima Sabharwal-fnbworld



Zee Entertainment-fnbworld


Zee entertainment enterprise (Last closed at 274.35) is India’s largest vertically integrated media and Entertainment Company comprising of television content, broadcasting, cable networks, films, music and animation. It is the subsidiary Essel group. Recently Punit Goenka, MD and CEO, Zeel received the prestigious, The Economic times “40 under forty”- India’s hottest business leaders award 2014 on 29/April/2014. Zee entertainment enterprises will declare their 4th quarter results and dividend on 21st may 2014. Whereas, its 3rd quarter results saw growth of 10.5% versus last fiscal year.

Technically, from last 2 weeks, Zee Entertainment is taking support of 260 which is 200 DMA (daily moving average) considered as strong support. It’s been long time i.e. from October 2013 it is consolidating in the tight range of 249 to 300 levels. So till it doesn’t break this range, one can buy near 250 to 260 and exit around 280 to 290 and maintain strict stop loss of 249 (for short term traders).

HT Media-fnbworldHT Media (Last closed at 95.85) today/19/05/14 has grown to become one of the India’s largest media companies. It has got 3 leading newpapers: in the English it has HINDUSTAN TIMES, in Hindi its HINDUSTAN and in business print segment it has MINT. The company has 4 Fm radio stations under the brand name of “FEVER 104” and has also made foray into the internet through its subsidiary firefly e-ventures and a job portal Due to higher tax expenses, HT Media reported decline of 13% in net profit for the fourth quarter ended 31st march 2014. But company reported net profit of 8.7% year on year. It has also declared dividend of Rs.0.40 per equity share.

Technically, it’s a good stock to buy on dips. This is sustaining and moving above 200 DMA. Only hurdle it can face is 105. Above this, it will sail smoothly till 135 levels. 



NDTV-fnbworldNDTV (Last closed 66.40) is promoted by Mr. Prannoy Roy and is leading news broadcaster in India operating the channels NDTV 24*7 (English news), NDTV India (Hindi news) and NDTV Profit (Business news). NDTV reported loss of Rs. 31.39cr for the fourth quarter ended March 31, 2014. Its consolidated total income also declined to Rs. 460.10 cr in the FY 13-14. It was 526.81 cr in last financial year. Technically, 62 will act as strong support. One can buy near this for the target of 80 and keep stop loss of 52.


Disclaimer: The above analysis/article is based on technical charts and has not been taken from any website/blog. The analyst will not be responsible for any loss or other consequence arising out of any information given in this article.

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