As Adani vies for majority, NDTV becomes priciest electronic media stock

Trading at P/E multiple of 28.5x - nearly 50% higher than industry average of 18.6x

The takeover battle for New Delhi Television (NDTV) has led to a sharp rise in the company’s stock price and valuation. NDTV is now trading at a valuation premium compared to its industry peers and is now the fourth-most valuable electronic media group in terms of market capitalisation (m-cap).

At its current stock price, the company has an m-cap of Rs 2,479 crore and is trading at a trailing price-to-earnings (P/E) multiple of 28.5x — nearly 50 per cent higher than the industry average P/E multiple of 18.6x.

In the past, NDTV used to trade at a discount-to-industry valuation. For