- Joined
- 16 May 2011
- Messages
- 21,066
- Reaction score
- 30,271
Surendra Goyal of Citi India told CNBC-TV18, "Digitisation has clearly been a game changer for media sector. From a broadcaster's perspective, the subscription revenues show very good growth over the coming years. The DTH and cable companies should benefit from the same trends as well. So, it is a game changer. The big question is how much of it is already priced into the stock. Most of the stocks have had very good run over the last year or so."
He futher added, "We have Dish TV as one of the top picks which is the largest DTH player. The stock has not done much. We upgraded it only this March end, because our view was taht after the underperformance and the fact that management was now focusing more on profitable growth rather than just chasing growth the stock was looking very attractive. Dish TV is our top pick."
"On the print media side, DB Corp has been a stock which we have liked for a while. That continues to look quite attractive. It has outperformed its peers by around 30 percent in the last one year. Clearly it has been on the back of a very strong execution, that is something we continue to like, " Goyal said.
"We have a sell on Zee Entertainment Enterprises despite all the benefits coming in, because our view is that a lot is priced in and to that extent at 26-27 times unless earnings surprise meaningfully you will not have any material return on the stock, " Surendra Goyal said.
Surendra Goyal's top pick is Dish TV. Like DB Corp also and have a sell on Zee Entertainment Enterprisesn - CNBC-TV18
.
He futher added, "We have Dish TV as one of the top picks which is the largest DTH player. The stock has not done much. We upgraded it only this March end, because our view was taht after the underperformance and the fact that management was now focusing more on profitable growth rather than just chasing growth the stock was looking very attractive. Dish TV is our top pick."
"On the print media side, DB Corp has been a stock which we have liked for a while. That continues to look quite attractive. It has outperformed its peers by around 30 percent in the last one year. Clearly it has been on the back of a very strong execution, that is something we continue to like, " Goyal said.
"We have a sell on Zee Entertainment Enterprises despite all the benefits coming in, because our view is that a lot is priced in and to that extent at 26-27 times unless earnings surprise meaningfully you will not have any material return on the stock, " Surendra Goyal said.
Surendra Goyal's top pick is Dish TV. Like DB Corp also and have a sell on Zee Entertainment Enterprisesn - CNBC-TV18
.
