Easing regulatory restrictions by reducing channel spacing (Mumbai can host 20-30 stations considering the diversity in population demographics) and rationalizing reserve prices for batch 3 auctions (batch 2 auctions had success rate of ~25%) can re-ignite interest in the radio sector.
Print media companies have a reason to celebrate after the government hiked advertisement rates by 25% last week. With the general elections just four months away, print companies are expected to witness a spike in ad revenues, especially from the government.
In 3QFY19, both Inox Leisure and PVR delivered good stock performance after a poor 2QFY19. Inox Leisure was up 9% and PVR was up by a stellar 30% whereas in 2QFY19, Inox Leisure and PVR stock prices were down 16%/12%, respectively.
This is neither an offer nor a solicitation to purchase or sell securities. The information and views contained on this site are believed to be reliable, but no responsibility (or liability) is accepted for errors of fact or opinion. Writers and contributors may be trading in, or have positions in the securities mentioned in their articles. Neither IndiaNotes nor any of the contributors accepts any liability arising out of use of the above information/article. Reproduction in whole or in part without written permission is prohibited.