Analysis of 12 Media & Entertainment stocks. 6 stocks are rated Buy.

Analysis of 12 Media & Entertainment stocks. 6 stocks are rated Buy.

Stocks	29/11/2018	Target 1	Target 2	Support	SL	PE	Price to Book
GTPL Hathway	87	115		78	70	18	1.4	Buy on dips
Sun TV	594	780		550	530	17.7	5	Buy
Zee Ent	491	520				37	6	Hold
Jagran Prakash	114	132	149	105	98	12	1.5	Buy
Inox Leisure	210	250	300	190	185	17	2.9	Buy
PVR	1450	1650		1360	1220	48	6.3	Hold
Saregama	570	730	860	480	440	21	2.58	Buy
Shemaroo Ent	462	560		400	360	15	2.56	Buy
TV Today Network	382			350	340	16	3.15	Hold
UFO Movies	270	350				13.5	1.6	Hold
Music Broadcast	330	400		320	310	33.88	3.11	Hold
DB Corp	177	250				11	1.6	Hold

Top Media & Entertainment Stocks to buy in December 2018:

The Indian Media and Entertainment (M&E) industry is a sunrise sector for the economy and is making high growth strides. Proving its resilience to the world, the Indian M&E industry is on the cusp of a strong phase of growth, backed by rising consumer demand and improving advertising revenues. Know more here.

GTPL Hathway; Share price 87; Target 115:

Promoters have increased stake and we expect the stock to pullback towards 200 EMA close to 110-115 in 3 months.

Sun TV; Share price 590; Target 780:

Increase in stake by Mutual funds and good growth seen forward; stock is available at good valuation. We expect the stock to pullback to 780 in 3 months. Stock also has good support at 550.

Inox Leisure; Share price 210; Target 250:

Strong increase in stake by Mutual funds in last quarter and stock is available at good discount compared to PVR and has good support at 190-200. Stock can go towards 250 in 3 months and 300 in a year.

Saregama; Stock price 570; target: 730:

Good product line and good growth in last few years are positive for the stock. Stock can be added on dips towards 500-530 for a target of 730. SL 440. 1 year.

Shemaroo Entertainment; Stock price 460; Target 560:

Strong recent quarterly results will move Shemaroo Entertainment to 560. Stock is available at good discount price among peers. Any dips towards 400-420 can be used to add more stocks. SL 360. Target 560. 6 months.

Earlier call on Shemaroo:

Buy Shemaroo Ent shares on dips towards 400. Target 500. SL 360. 1 year.

PVR is range bound 1300-1600. Zee entertainment looks expensive. TV today Network did not have a good quarter. UFO Movies and DB corp are at 5 years low and has no support on down side, We would like them and any good quarterly result in coming months.

Music Broadcast looks expensive at with a PE of 34. Technically we like the stock above 350 for a target of 400 with SL of 320.

When you look at media and Entertainment stocks overall, do you think that they’re overvalued or Undervalued?

Average Trailing PE ratio of media and Entertainment stocks are close to 18 and it is due to the correction in the broad market. We would consider a PE ratio of 22-25 to be normal. Without considering Growth and results, stocks are 20% undervalued. Adding growth in EPS and Decent fundamentals we see the sector to be 30-40% undervalued.

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source https://gale.in/analysis-of-12-media-entertainment-stocks-6-stocks-are-rated-buy/