( Recommended in SAKAL NEWS PAPER. Arthvishwa ) : 11th May 2009
Television Eighteen India Ltd : Rs 100.05
Notables Observes :
- Television Eighteen India Ltd is India's No 1 News and Information Network and the premier provider of business content in the country. The company is engaged in content production and broadcasting.
- Television Eighteen India Ltd was incorporated on September 24, 1993 as a private limited company and in November 2, 1994, the company became a public limited company.
- They operate India's leading business medium CNBC-TV18 & India's first consumer focused business channel CNBC AWAAZ. Their subsidiaries include Television Eighteen Mauritius Ltd, iNews.com Ltd, News Wire 18 India Pvt Ltd, RVT Investments Pvt Ltd, Television Eighteen Media and Investment Ltd, Mauritius and MobileNXT Online Pvt Ltd.
Share Holding Pattern :
- Promoters : 51.77 %
- Public : 48.23%
Financial Highlights :
Television Eighteen India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 13, 2009, inter alia, to consider the following:
- To consider issue of shares on Rights basis to the existing shareholders of the Company and to approve the Draft Letter of Offer for the proposed Rights Issue.
- To consider an increase in the authorized share capital of the Company.
Technical Overview :
- The stock On Day Chart has given an "Flag Breakout" with huge volumes,indicating the stock to outperform in short term.The stock is recommended to buy cmp Rs 100.15 with Short term view.
Support Levels :
- Support 1 : 93
- Support 2 : 86
Stoploss : 77 on closing basis.
Targets :
- Target 1 : 111.50
- Target 2 : 127
- Target 3 : 132
- Target 4 : 150
Period : 2 to 3 months.