ETMarkets.comRelated
Sanjiv Bhasin, Director, IIFL Securities, says has initiated coverage on Zee at Rs 180 and Sun TV at around Rs 425.
How you are looking at the travel and tourism space? Is there merit in this play?
The real advantage would have been if you had picked it up when there was abysmal pressure on the stocks. We picked some like Indian Hotel and Indigo. It would be difficult to justify the price point because there is constant worry of the second Covid wave.
But if one has a longer term view, there is so much pent up demand among people for the need for a vacation or going out that it will be humongous. It may take another three or six more months but the Indian investor or the consumer is extremely resilient. We have started to get back to our lives with checks and balances and preventive measures. It is a very good space but I would like to focus on media as a space where there is a lot of deep value.
We have initiated coverage on Zee at Rs 180 and Sun TV at around Rs 425. Sun TV is arguably going to be the biggest beneficiary of the upcoming polls in Tamil Nadu and the ad revenues are going to see extremely good uptick.
As the economy and corporate India rebounds, the stock trades at seven times one year forward and the cheapest multiple. Sun can be a huge outperformer on this double event which is being priced in. Sun and Zee are two stocks under our coverage and they could be very good value buys in the midcap space with an upside of 55-75% in the next one year.
How you are looking at the travel and tourism space? Is there merit in this play?
The real advantage would have been if you had picked it up when there was abysmal pressure on the stocks. We picked some like Indian Hotel and Indigo. It would be difficult to justify the price point because there is constant worry of the second Covid wave.
But if one has a longer term view, there is so much pent up demand among people for the need for a vacation or going out that it will be humongous. It may take another three or six more months but the Indian investor or the consumer is extremely resilient. We have started to get back to our lives with checks and balances and preventive measures. It is a very good space but I would like to focus on media as a space where there is a lot of deep value.
We have initiated coverage on Zee at Rs 180 and Sun TV at around Rs 425. Sun TV is arguably going to be the biggest beneficiary of the upcoming polls in Tamil Nadu and the ad revenues are going to see extremely good uptick.
As the economy and corporate India rebounds, the stock trades at seven times one year forward and the cheapest multiple. Sun can be a huge outperformer on this double event which is being priced in. Sun and Zee are two stocks under our coverage and they could be very good value buys in the midcap space with an upside of 55-75% in the next one year.
Read More News on
Download The Economic Times News App to get Daily Market Updates & Live Business News.
1 Comment on this Story
 | Tacfood Dxb55 days ago I would agree. Also nifty Media small cap stocks like Jagran Prakashan and DB corp. |
