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Monday, July 11, 2016
BAG FILMS & MEDIA LTD- TURNAROUND STORY
Today we are discussing stock from Broadcasting & Cable TV sector stock for short term to medium term investments,
B.A.G.FILMS & MEDIA LTD
Incorporated in 1993,BAG Films and media Ltd is an integrated media and
entertainment company.The company focuses on TV and film production,
media education, new media and convergence. It also primarily operates
in television and radio broadcasting business. The company produces
approximately 40 programmes including news, chat shows, current affairs,
entertainment, soaps, audience-based shows and infotainment.
Broadcast 24 is the umbrella brand of B.A.G. Network that was launched
in 2007. Under it ,the B.A.G. network has launched successful channels
and networks including “News 24”- the fastest growing Hindi news channel
in India, “E 24”- Bollywood's No 1 Channel, “Dhamaal 24”- an FM radio
network amongst others. After these successful undertaking of Broadcast
24- the B.A.G. Network aims to continue to expand its ventures and widen
horizons in content creation and dissemination.
Promoter holding good 41.90% stake in company, BAG FILM posted net profit in last quarter company's top line grows 10.89 cr and bottom line was 1.59 cr. Book value of company is 5.5 stock trading 20% discount to book value, stock trading both NSE and BSE @ 4.40 level some risk taker investor can buy @ current level for good return.
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