Winning Strokes
The 30 - share BSE Sensex soared 765.04 points or 1.36% to close at 56,889.76, while the Nifty50 surged 225.80 points or 1.35% to give a closing at 16,931.05. On the daily and weekly candle stick charts, Bullish Marubozu Candles was formed, indicating the continuance of bullishness. The broader markets also showed bullishness with the Nifty Midcap 100 index rising 1.94% and Smallcap climbing 1.53%. To add to the overall bullishness, the FIIs bought shares worth Rs.1,202.81 Cr, while the DIIs bought shares worth Rs.688.85 Cr, as per provisional data available on the NSE.
#The Stock of Mahindra and Mahindra Ltd today surged to Rs.794.15,.before closing at Rs.791.55 up 2.12%. Hold the stock with targets of Rs.805/817/827/842. The candle stick chart is looking bullish.
Meanwhile, Mahindra & Mahindra (M&M) on Friday said group firm, Mahindra Defence Systems Limited (MDS) had bagged a contract worth Rs.1,349.95 crore for manufacturing of Integrated Anti-Submarine Warfare Defence Suite (IADS) for modern warships of Indian Navy from the Indian government.
#The scrip of Reliance Capital Ltd (Rs.15.15) today hit an intraday high of Rs.15.50 before closing 2.36% up from yesterday's close.
As you must be aware that the lenders, forming part of the Inter-Creditor Agreement (ICA Lenders) under RBI's Prudential Framework for Resolution of Stressed Assets, selected Authum Investment and Infrastructure (Authum) as the successful bidder to acquire Reliance Commercial Finance (RCF) and/or all its' assets through a competitive bidding process after several rounds of negotiations between the bidders and the lenders. RCF is wholly owned subsidiary of Reliance Capital. Authum's debt resolution plan is approved under RBI's Prudential Framework for Resolution of Stressed Assets, Directions dated 7 June 2019 (RBI Directions).
Hence, by the end of this year the scrip of Reliance Capital is likely to cross Rs.50. Keep accumulating in every decline.
#The stock of Future Retail Ltd (Rs.45.10) closed flat today. On last Saturday, Kishore Biyani-led Future Retail said it has approached the Supreme Court against orders passed by the Delhi High Court to maintain the status quo in relation to its Rs.24,713 crore deal with Reliance Retail and directing it to enforce the order of the Singapore-based Emergency Arbitrator.
#The stock of Den Networks Ltd (Rs.47.10) closed flat today, with a bullish inverted Head and Shoulder Pattern on the daily candle stick chart. Photo: Mybrandbook.com
The Indian broadcast and cable TV market, currently valued at $11.61 billion, is expected to reach $19.06 billion by FY2026, states a report by TechSci Research.
The report says that the broadcast and cable TV market, currently valued at $11.61 billion, is expected to reach $19.06 billion by FY2026, states a report by TechSci Research.
The India Broadcasting and Cable TV Market report states that, favourable regulations, technological advancements and growing investment opportunities are key factors driving this growth. The rising demand for TV sets, especially in rural India, is further boosting the market. Moreover, invreasing demand for international TV channels and shows, is likely to propel the growth of this sector through FY2026.nIn recent times, India is witnessing a surge in active subscriber base with entry of various multi system operators (MSOs).
Another, major positive factor is: The digitisation of cable TV in the country is at an advanced stage with markets driven by content innovation and product offerings.
Meanwhile, Direct-to-home (DTH) subscriptions are also growing rapidly with as per capita disposable income, is shooting up. Apart from this the increased usage of 3G and 4G services along with an influx of new content creation methodologies are other contributors, which is expected to drive the growth of the Indian broadcasting and cable TV market.
Besides, increasing disposable income coupled with rising urbanisation is swiftly changed the preferences of Indian consumers towards enhanced experience of television viewing. Offlate, the concept of home theatre, has been gaining traction among the new generation viewers, with people always looking for advanced viewing options and latest technologies to better their experience. These factors are expected to fuel growth in the country’s TV and broadcasting market over the next five years.
Also, there is a rising trend for personalised experience and premium television cable/DTH offerings in India, wherein customers demand personalised channels, picture quality, multiple functionalities in set top boxes, such as a different screen for children, etc. This is likely continue its momentum in the coming years as one of major trends for TV and broadcasting industry. The shares of Den Networks Ltd are expected to double in the next 6/9 months time frame. Accumulate in market declines.
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