Network 18 Media & Investments Ltd
NETWORK18

35.00

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Turnover (lac)
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Day's Vol.(shares)

35.05

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Reduce
Reco. Price
Rs 34.75
We recommend REDUCE on the stock as we expect company to continue to report losses. This is due to high operating expense and stiff competition dragging its earning. Company looks overvalued at 2017E EV/EBITDA of 29.5x. (Target price-Rs.32.9)
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50 DMA (.)
36.39
100 DMA (.)
36.63
200 DMA (.)
39.93
Weekly Range (.)
34.85
36.45
Monthly Range (.)
34.40
40.00
52 Weeks Range (.)
30.40
49.25
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