Nifty Media constituents shine in last one month
In last one month, the Nifty 50 index has surged by ~11.5 per cent. The Nifty Media index has jumped by ~23 per cent over the same period and has recovered ~42 per cent from its March lows.
Below is the list of Nifty Media constituents and the returns they have delivered in last one month.
| Company Name |
Market Cap (Rs in Cr) |
% change |
Price as on June 26 |
Price as on May 26 |
| Dish TV India Ltd. |
1587.19 |
89.45 |
8.62 |
4.55 |
| Network 18 Media & Investment Ltd. |
4292.49 |
73.73 |
41.00 |
23.60 |
| TV18 Broadcast Ltd. |
6085.98 |
68.65 |
35.50 |
21.05 |
| Saregama India Ltd. |
754.98 |
53.63 |
433.25 |
282.00 |
| DB Corp Ltd. |
1359.40 |
30.81 |
77.70 |
59.40 |
| Balaji Telefilms Ltd. |
779.21 |
28.52 |
77.05 |
59.95 |
| Jump Networks Ltd. |
593.77 |
22.73 |
59.40 |
48.40 |
| Zee Media Corporation Ltd. |
293.77 |
20.93 |
6.24 |
5.16 |
| PVR Ltd. |
5269.45 |
20.55 |
1026.20 |
851.30 |
| Inox Leisure Ltd. |
2516.93 |
18.76 |
244.70 |
206.05 |
| Jagran Prakashan Ltd. |
1169.79 |
9.91 |
41.60 |
37.85 |
| TV Today Network Ltd. |
1141.76 |
8.48 |
191.35 |
176.40 |
| Sun TV Network Ltd. |
16600.81 |
7.15 |
421.25 |
393.15 |
| Zee Entertainment Enterprises Ltd. |
16924.09 |
6.69 |
176.20 |
165.15 |
(Source : Ace Equity)
By the end of May 2020, Yes Bank had acquired 24.19 per cent stake in direct-to-home service provider, Dish TV India Ltd, by invoking pledges against 44.53 equity shares kept as collateral with the private lender for a loan. Since then, the stock has been marching northwards.
Saregama India had announced a global deal with Facebook to license its music for video and other social experiences across Facebook and Instagram, which led a hike in its stock price since then.
Balaji Telefilms and Zee Group’s stock performed as their over-the-top (OTT) platforms performed better in this lockdown period. With the easing of lockdown restrictions, the advertisement business got some momentum, which helped the broadcasting segment stocks to perform well in the market.
Overall, the sentiment around the media stocks among the investors had been positive with easing of lockdown restrictions and with the expectation of business to get normalised soon.