Nirmal Bang Research is bullish on Balaji Telefilms and maintained ‘Buy’ rating on the stock to achieve a target between Rs 51-57 within 1-5 days.

Traders can buy the stock with a stop loss of Rs 35.

Shares of the company, on Wednesday (April 08), closed at Rs 39.70 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 10.02 and 4.12 respectively. The share price has seen a 52-week high of Rs 221.70 and a low of Rs 24.80 on BSE.

Huge volumes witnessed in last couple of days, so buy the stock and hold, if it maintains above 44, a big move is expected.

In Jan 2009, Balaji Telefilms` creative head Ekta Kapoor rejects plans to start her individual channel or obtain stakes in a subsisting Hindi General Entertainment Channel.

Describing broadcasting as a chancy business mainly after the slump, the she said that presently she was contented being just a TV producer.

Based in Mumbai, Balaji Telefilms is a production house promoted by Tusshar Kapoor, Jeetendra, Shobha Kapoor and Ekta Kapoor.

It has made lots of well-known serials in India and has turned the leading TV production house in South Asia, Southeast Asia and the Middle East.

The recent downfall of the company took place in 2008 - 2009 period when popular Balaji serials were either scrapped, called off or shut shop making Balaji, a popular production house, an ordinary production house with no more than a few soaps in hand while newer production houses have started to dominate the television industry sadly.