
I like the UTV software with focus strategy around media and stress on gaming content development. Management knows what they want to achieve. But looks like I am not the only one who likes this stock. That probably explains why this stock is trading for more than 50 p/e. Moreover balance sheet is full of debt around 450 Cr. The recent trend in Indian companies is to dilute equity to get rid of debt. Looks like UTV might take same route.
They have good presence in crowded television market and motion picture content development. But what seprates them from company like Reliance Mediaworks is the games business. I strongly believe that there is tremendous potential for games in India.
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