Multibagger alert: This stock from the entertainment and media industry has gained over 139% in a year!

Multibagger alert: This stock from the entertainment and media industry has gained over 139% in a year!

by 5paisa Research Team Last Updated: Dec 13, 2022 - 11:24 am 46.5k Views
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Netwok18 Media & Investments has generated about 69% returns in just three months.

Network18 Media & Investments which is the second-largest digital media and entertainment player in India, has multiplied shareholders wealth by almost 2.4 times in just trailing twelve months.The stock was trading at Rs 33.85 on 17 November 2020, from where it closed at Rs 81.2 today on the BSE.

The multibagger stock was fueled by a strong quarterly performance. Net sales for the quarter ended September 21 came in strong at Rs 1387 crore which grew by 14.23% on a QoQ basis and 31% on a YoY basis. The EBITDA (exclusive of other income) was Rs 252 crore which saw an increase of 34% QoQ and 52% YoY. Both the news and entertainment businesses witnessed growth in the quarter. The company has a significant amount of minority shares in its books which is the reason why the net profit for promoters and common shareholders is compromised. The net profit attributable to owners stood at Rs 32 crore, which almost quadrupled on a sequential basis.

This multibagger company has created a stronghold in the current trending media platform known as over-the-top (OTT platform) through Voot and Voot select. Its digital exclusive property, Big Boss OTT, has driven substantial subscribers’ growth for Voot.

Network18 is promoted by the Independent Media Trust of which Reliance Industries is the sole beneficiary. The company’s subsidiary TV18 Broadcast Ltd (a listed company) manages its primary business of broadcasting. Its wide presence across the entertainment channels in numerous languages and platforms has turned the stock into a multibagger stock in just a year.

The stock has a 52-week high of Rs 96.65 and a 52-week low of Rs 33.5. As of 16 November 2021, the stock closed at Rs 81.20, down by about 1.16% on the BSE.

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