Multibagger alert: This RIL owned company has delivered 179% returns in a year!
These returns are seven times the returns delivered by the S&P BSE 500 index, of which the index is a part.
TV18 Broadcast Ltd, an S&P BSE 500 company, has delivered multibagger returns to its shareholders in the last one year. During this period, the company’s share price jumped from Rs 27.20 on 13th April 2021 to Rs 75.95 on 12th April 2022, an increase of 179% YoY.
An investment of Rs 1 lakh in this stock last year would have turned to Rs 2.79 lakh today. In the last 1 year, the index has climbed from the level of 19,402.96 on TV18 Broadcast 2021 to 24,134.50 on 12th April 2022, a rally of 24% YoY.
TV18 Broadcast Ltd is owned by the Mumbai-based Network 18 Group. This group is owned by the Independent Media Trust (IMT) of which, Reliance Industries Ltd is the sole beneficiary.
TV18 operates the news channels including (but not limited to) CNBC TV18, CNBC Awaaz, CNBC Bajar, and News18 Lokmat (a Marathi regional news channel in 50:50 partnership with the Lokmat Group) and 13 regional news channels under the brand, News18. Moreover, the company owns and operates MTV, VH1, Nickelodeon and COLORS.
The company also operates a 51:49 JV with Viacom Inc., under the name Viacom18 Media Private Limited. This JV company recently added basketball to its sports portfolio by entering into a multi-year partnership with NBA.
The company is currently trading at a TTM PE of 21.53x, as against the industry PE of 26.38x. In FY21, the company delivered an ROE & ROCE of 3.21% and 4.65% respectively.
At 2.15 pm, the shares of TV18 Broadcast Ltd were trading at Rs 76, an increase of 0.066% from the previous day’s closing price of Rs 75.95 on BSE. The stock has a 52-week high & low of Rs 82.55 and Rs 26.50 respectively on BSE.
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