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Monday, April 01, 2013

Reliance Broadcast Network Ltd
 CMP: Rs.26.10
Anil Ambani-led Reliance Broadcast Network Ltd, an entertainment major, which runs Big FM and channel Big CBS, had posted a net loss of Rs.17.15 crore for the third quarter ended December 31. CLICK HERE.
However, losses have narrowed down in the quarter from a net loss of 28.73 crore in the same period of the previous fiscal. The company delivered impressive results in both the radio and television businesses, with radio recording its highest ever revenue in the quarter. EBIT, excluding the TV business, was positive at Rs.4.8 crore.  CLICK HERE.
The scrip is all set to touch Rs.35-40, in the very short term. Buy the scrip on all declines, as digitization of the cable TV networks is positive for the whole of the media sector. CLICK HERE.