ZEEL Registers A Robust Q4, Media Stocks Buzzing

Nifty Media index is the top performer among the sectoral indices on NSE. The index is trading higher by 3.15% at 3270.1 levels.

The Sun TV is the top gainer in the index. The stock is trading higher by nearly 5.3% at Rs 908.45 per share. The stock has been always the investor’s choice when they see the good opportunity to buy the media stocks. The blockbuster movie Baahubali 2 has made the investors turn towards media stocks.

The Sun TV has attracted huge volumes of 13,71,272 shares and traded value stood at Rs 123.08 Cr. The recently posted financial results for the Zee Entertainment for the quarter ended March 31, 217 gushed the blow of positivity in the media stocks.

Zee Entertainment Enterprises Ltd. (ZEEL) consolidated revenue for the quarter came in at Rs. 1583 crore, registering 1.5% YoY increase. This was driven by the increase in volume growth of subscription revenue, advertising revenue and domestic advertising revenue by 10%, 9.2% and 8.1% YoY respectively. The other media stocks like Dish TV, PVR, TV Today, HT Media and Hathway are also trading in positive territory on Thursday.

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