Latest News
-
1:10 Split, 5 Bonus, 70% Dividend: Crorepati Defene PSU Hits New High, 108605% Returns; BUY For Long Term -
Rs 55/Share Dividend Announced: Multibagger Refineries PSU Declares 72% Jump In Q4 Profit -
PayU Gets RBI's In-principle Nod To Operate As Payment Aggregator -
Rekha Jhunjhunwala Portfolio Stock Jubilant Ingrevia Hits Record High; More Upside Ahead? -
Gold Prices: 10 Grams Of 22-24 Carats Rise By Rs 9,500 To Rs 10,600 From 2024 Lows; Strategy For Buying -
JNK India IPO: Retail Investors Lead With Subscriptions On Day 2; GMP Hints Premium Listing; Check Status -
Rs 60 Dividend: Multibagger Small Cap Power Stock To Consider Dividend Again On May 2 -
40000% Returns In 10 Years: This Microcap Dividend Paying Multibagger Stock Acquires Square Port Shipyard -
Gold Prices India: 10 Grams Of 22K Yellow Metal Jumps After Falling By Rs 2000 -
New Safety Check System for Cooking Gas Connections Rolled Out Amidst Delivery Boy Grievances; Reports
Media stocks may rally ahead of elections on ad outlook
Various estimates are being made on the possibility of the likely improvement in outlook for the media sector. Some reports suggest that media buying might be boosted by at least 10 per cent as various political parties make known their programmes and policies through the media.
Among the most likely beneficiaries would be stocks like HT Media, which is currently trading at Rs 76, Sun TV Network at Rs 373 and DB Corporation at Rs 285.
Not only that it is possible that Ministries would pump in lot of money to focus on programmes already initiated ahead of the elections. Say for example the Bharat Nirman campaign which is currently on.
Clearly, it's going to be good going for media stocks at least until the elections are over. Analysts say in the next few days one can accumulate these stocks and sell them a little before the elections.
GoodReturns.in
