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Buy TV18 Broadcast Ltd. target Rs 56 : Kotak Securities Limited

The brokerage said over the past few years, it has made significant advances in entertainment broadcasting but has received little investor attention as the stock tends to be volatile

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Last Updated: Oct 04, 2016, 02.15 PM IST
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Kotak Securities Limited has a buy call on TV18 Broadcast Ltd. with a target price of Rs 56 .The current market price of TV18 Broadcast Ltd. is Rs 45.85 Time period given by analyst is long term for TV18 Broadcast Ltd. price to reach defined target. The brokerage said over the past few years, it has made significant advances in enter tainment broadcasting but has received little investor attention as the stock tends to be volatile, reacts sharply to earnings, and trades at a significant discount to Zee Entertainment.

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