Shares media companies are in demand and trading higher by up to 7% in otherwise weak market on hopes that the year 2014 turn to be a good year for the entire sector including television, radio, digital and print media.
Entertainment Network (India), TV18 Broadcast, Network18 Media and Investments, TV Today Network and NDTV are up 5-7% on the BSE compared to 0.17% fall in benchmark S&P BSE Sensex at 1025 hours.
In 2014, media planners estimate television will grow by 15-18%, print by 8-10%, and digital media by 30%. In 2013, the media sector is estimated to have grown 7-8%, the Economic Times report suggests.
The general elections are expected to provide the biggest impetus to media industry, with print emerging the biggest benefactor, added report.
Among the individual stocks, Entertain Network (India) and TV18 Broadcast has rallied 7% each at Rs 351 and Rs 25 respectively. TV Today up 6.5% at Rs 118, followed by Network18 Media and Investments and NDTV are up 5% each at Rs 35 and Rs 79 respectively.
Entertainment Network (India), TV18 Broadcast, Network18 Media and Investments, TV Today Network and NDTV are up 5-7% on the BSE compared to 0.17% fall in benchmark S&P BSE Sensex at 1025 hours.
In 2014, media planners estimate television will grow by 15-18%, print by 8-10%, and digital media by 30%. In 2013, the media sector is estimated to have grown 7-8%, the Economic Times report suggests.
The general elections are expected to provide the biggest impetus to media industry, with print emerging the biggest benefactor, added report.
Among the individual stocks, Entertain Network (India) and TV18 Broadcast has rallied 7% each at Rs 351 and Rs 25 respectively. TV Today up 6.5% at Rs 118, followed by Network18 Media and Investments and NDTV are up 5% each at Rs 35 and Rs 79 respectively.
