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Music Broadcast Limited is playing the growth tune: Angel Broking

Posted On: 2017-03-04 23:54:31

Views of Mr. Amarjeet Maurya (Sr. Research Analyst - Mid Caps, Angel Broking):

"In terms of valuations, the pre-issue P/E works out to 25.2x its annualised 1HFY2017 earnings (at the upper end of the issue price band), which is lower compared to its peers (ENIL is trading at 79.5x its annualised 1HFY17 earnings). Also, MBL's EV/sales multiple 6.2x, works out to be at discount to ENIL's 8.2x. Moreover, MBL has a better margin and ROE profile than its comparable peers. Hence, considering, Strong leadership position in large markets, Ability to charge premium advertising rates, Volume growth outperforms peers as well as Industry coupled with attractive valuations, we recommend a SUBSCRIBE on the issue."

Shares of JAGRAN PRAKASHAN LTD. was last trading in BSE at Rs.190.2 as compared to the previous close of Rs. 188.6. The total number of shares traded during the day was 8714 in over 202 trades.

The stock hit an intraday high of Rs. 192 and intraday low of 188.1. The net turnover during the day was Rs. 1660099.


Source: Equity Bulls

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