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Buy TV18 Broadcast, target Rs 51.50: ICICI Direct

Buy TV18 Broadcast at a price target of Rs 51.50 and a stop loss at Rs 41.70 from entry point.

Last Updated: Nov 02, 2017, 09.37 AM IST
ICICI Direct has a buy call on TV18 Broadcast with a target price of Rs 51.50.

The current market price of TV18 Broadcast is Rs 45.

Time period given is 15 days when TV18 Broadcast price can reach defined target.

ICICI Direct recommended to keep a stop loss at Rs 41.70.

TV18 Broadcast, incorporated in the year 2005, is a Mid Cap company (having a market cap of Rs 7,688.91 Crore) operating in Service sector.

TV18 Broadcast key Products/Revenue Segments include Income From Advertisement which contributed Rs 648.91 Crore to Sales Value (97.31 per cent of Total Sales), Income From Media Activities which contributed Rs 15.26 Crore to Sales Value (2.28 per cent of Total Sales) and Content which contributed Rs 2.64 Crore to Sales Value (0.39 per cent of Total Sales)for the year ending 31-Mar-2017.

The company’s top management includes Mr.Adil Zainulbhai, Mr.Dhruv Kaji, Mr.K R Raja, Mr.Rajiv Krishan Luthra, Ms.Nirupma Rao.

Company has Deloitte Haskins & Sells LLP as its auditors.

As on 30-09-2017, the company has a total of 1,714,360,160 shares outstanding.

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