Amit Dalal positive on non print media space
Published on Friday, May 29th, 2009 at 2:58 PMAuthor: admin (5507 Articles)
Amit Dalal of Amit Nalin Securities is positive on non print media space.
“I am very vary of textile as a sector. The fact that the valuations have being beaten down to unreal levels. Alok did a right issue at Rs 11, it is back to a level now perhaps where you have to start looking at what is the potential for textile exports, is the US market expanding for them, do they have more capex on their cards or will they be able to service their debt, these are questions that you have to answer when you buy into these stocks at higher levels. It is a game which is difficult to play for equity investor and I normally shy away from textiles.”
He further added, “Media tends to always have a very high beta with the market and therefore take your own stock. It went down unreasonably low when the markets were down but there is a huge market, which is available for media to grow. The advertising revenues will grow because the economy has not contracted, so there is a positive note for media stocks and I remain more positive on non print media rather than print media.”
Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the above stock/sector.
Source : MoneyControl
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