Tit - bits

#Around 12.48 pm, the BSE Sensex was trading at

41,217.99 down 111.09 points (-0.26%), while the Nifty was seen at 12,130.35 down 37.25 points (-0.32%). However, most of the Asian Markets are trading in the green -- we can't remain in isolation. Hence, I'm expecting the markets to close in the green today. 

#Strides Pharma Science Ltd (Rs.396 90), todayCorona Virus  has killed 9 in China so far. This bit of information though raises concern of the outbreak of an epidemic, depressing consumer sentiment and spending, affecting the tourism as well as travel and transport related business; but is positive for all the parma companies, who are into manufacturing and selling of anti Virals/Bacterials. Keep accumulating during market dips.

Photo: Moneycontrol.com

made an intraday high of Rs.399.40 in the NSE There is news that

#The stock of Music Broadcast Ltd (Radio City; CMP: Rs.27), is consolidating around the current current ranges, ahead of its board meeting on 27 January,  when it is scheduled to discuss on the Bonus Issue. A company normally declares bonus bonanza,  when it is confident of its future growth momentum.  It is from the reputed Jagaran Prakashan group.

To be precise, it is a subsidiary of Jagran Prakashan Ltd. Being the first FM radio broadcaster in India and with over 17 years of expertise in the radio industry, Radio City has consistently been the number one radio station in Bengaluru and Mumbai with 24.5% and 15.7% average listenership share respectively.

Music Broadcast Limited currently has 39 stations across 12 states, comprising 62% of the country’s FM population. Radio City reaches out to over 69 million listeners in 34 cities covered by AZ Research 2019 (Source: AZ Research Report). The network provides terrestrial programming along with 18 other web-stations, through its digital interface, www.radiocity.in.

Radio City has spearheaded the evolution of FM radio by offering content that is unique, path-breaking and invokes city passion amongst listeners with its brand philosophy of “Rag Rag Mein Daude City”. The network introduced humour and the concept of agony aunt on radio with Babber Sher and Love Guru respectively. It also initiated Radio City Freedom Awards, a platform to recognize independent music and provided a launch pad to budding singers with Radio City Super Singer, the first singing talent hunt on radio.

Radio City bagged 73 awards across national and international platforms like Golden Mikes, India Radio Forum, New York awards, ACEF awards etc. in 2018-2019. Radio City has consistently featured for the 7th time in ‘India’s Best Companies to Work For’ study conducted by Great Place to Work Institute. In 2019, Radio City ranked 6th in ‘Best Large Workplaces in Asia’, according to the GPTW survey. Radio City has also been recognized in ‘India’s Best Workplaces for Women – 2019’ and has ranked amongst the Top 75 organizations on the list.
Moreover, with a P/E of 12.06, against the Industry P/E of 19.13, we can look forward for targets of Rs.39/40 in the coming days.

#Buy Cadila Healthcare Ltd at the CMP of Rs.271.55, for short term targets of Rs.295/297, SL: Rs.267. The Corona Virus attack in China is giving  speculative moves in the shares of select parma companies.