One of the strongest sectors from last 1 year has been - Media.
With many stocks in the sector outperforming market returns by a large margin in last 12 months, not only that, many stocks have given multi year breakout and many stocks are on the verge of giving a big breakout ?
I’m not well versed with the sector. Any idea what’s buzzing ? Would love to know the rationale behind this massive rally.
Listed media companies need to pivot to internet-based OTT platforms to keep up with other OTT giants like Netlfix/Amazon Prime.
I am assuming ZEEL has been the laggard pushing the entire index down. Zeel has some news around it and it’s up 15% today.
Reliance and Viacom18 on Wednesday announced a strategic partnership with Bodhi Tree Systems, which is a platform of James Murdoch’s Lupa Systems and Uday Shankar, to form one of the largest TV and digital streaming companies in India.
13500 Crore - Looks huge
Looks like Reliance is ready to make their media businesses to the global level
there is big money to be made in this sector very soon. When two of the richest in the country are making big moves in the sector - its worth keeping an eye on.
This sector is called as Paid Media
It is because every political parties pays them huge whether they are ruling or in opposition.
For political parties its better to pay money to media rather than handout money to voters before election.
Its still profitable with some good options globally
Sun TV Networks and INOX are two best media stocks to buy presently. They have shown great performance
Although FY20 was an aberration, with Sun TV paying out 70% of its profit in dividends at the conclusion of the year, the company has a history of consistently paying out a strong dividend. The dividend payment ratio for FY21 is 13%, the lowest it has been in many years, but the company currently boasts a dividend yield of 2.98%, which is fantastic for dividend seekers.
Inox has already set forward its aggressive expansion plan for the upcoming five to seven years in an effort to increase its market share. INOX has managed to preserve solid liquidity of close to Rs 300 Cr, including an undrawn limit of Rs 120 Cr, in addition to being the only multiplex chain in the nation to be net debt free. The company’s long-term goal is to add 70–90 screens annually.
Am gonna keep an eye on them thank you for sharing this
