Nirmal Bang Issues ‘Buy’ Call On ‘Television Eighteen’ To Achieve Target Price Of Rs 115 to Rs 130

Nirmal Bang Issues ‘Buy’ Call On ‘Television Eighteen’ To Achieve Target Price Of Rs 115 to Rs 130Nirmal Bang, one of the leading equity research-cum-broking house, is of the view that investors can buy Television Eighteen with a target price of Rs 115-130.

According to experts at Nirmal Bang, interested traders can buy the stock on dips with a stop loss of Rs 81.

The scrip has very strong support at Rs 100.

Shares of the company, on Tuesday (April 21), closed at Rs 95.05 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 2.76 and 21.56 respectively. The share price has seen a 52-week high of Rs 365 and a low of Rs 53.15 on BSE.

Television Eighteen India is a Delhi-based media and entertainment company that is generally known as TV 18.

Television Eighteen India Ltd. was originally known as Television Eighteen India Private Limited and was constituted under the Companies Act, 1956.

After a decision was announced on November 2, 1994 the company came to be known as Television Eighteen India Limited on January 2, 1995.

TV 18 is also the country's fastest rising media and entertainment company. It is one of the top news channels in India having an employee-force of 3000 spread allthrough India in 30 office locations. The company also has 4 abroad branches.

Television Eighteen India Ltd. has established a 125,000 sq. ft. of fully unified broadcast infrastructure comprising the high-tech centers in Delhi and Mumbai. TV 18 is the only media and entertainment company in the entire world that has joined forces with the 2 most top media companies. Television Eighteen India Ltd. has 2 business news channels, 1 general news channel, and 1 network channel.

Business news channels consist of CNBC-TV 18 and CNBC Awaaz have teamed up with NBC Universal – a $13 billion company.

The major activities of the entire group of Television Eighteen India is to provide programming content on business and entertainment channels for broadcasting purposes.

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