Believe in Radio ? Invest in Entertainment network India.

mahesh's picture

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Ever heard Radio Mirchi ? Do you like it. Invest in Radio Mirchi. With network of more then 30 stations around India Radio Mirchi is largest Radio network in India.Of course there is competition from Reliance Media , HTMedia and others specially in Metros of Mumbai and Delhi. But Radio Mirchi is doing very good in managing these risks.

How much is profit of Radio Mirchi ?
To be frank , almost nothing.In fact they might be loosing money. But ..media stocks like Entertainment networks doesn't get evaluated on profit, they are good acquisition candidate!!! That keeps their stock price humming.

entertainment networks.png

How is stock looking technically ?

Stock is consolidating at these levels. Good volume suggests some fund buying.

What other businesses ?

a) they are present in outdoor advertising. This is a big and growing business.

b) Event Management

Remember EN is a times group company , they get built in relationship from timesgroup for their Radio and Outdoor Media segements.

 

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