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Analysts bullish on broadcasters’ stock rebound thanks to ad revenue recovery
KOLKATA: The Covid2019 pandemic hit the media and entertainment industry due to pressure on advertising revenue, uncertainty in subscription and closure of multiplexes. As the lockdown eases, operations have started normalising leading to a recovery in the business. On Tuesday, Nifty media index advanced 2.27 per cent while companies like Network18, Inox Leisure, Dish TV, Zee Media and Jagran Prakashan saw four to five per cent gains.
Network18 was the highest gainer in the Nifty media index, advancing 4.99 per cent. Moreover, its stock has been gaining for eight days consecutively as of Tuesday. It touched a new 52-week high hitting Rs 47.3 during the day while it ended the day at Rs 47.30. TV18 Broadcast stock has been gaining for the last three days as of Tuesday and has risen 10.45 per cent returns in the period. Its shares rallied 3.79 to end at Rs 39.60 , after touching a new 52-week of Rs 40.3. Zee Media Corporation Ltd (ZMCL) also gained 4.48 per cent on Tuesday. While Zee Entertainment Enterprises Ltd (ZEEL)’s gain was comparatively lower, both ZEEL and ZMCL have been gaining for the last two days as of Tuesday.
Figure: Nifty Media Index on Tuesday
Analysts are also bullish on the rebound of broadcasters’ stocks on the back of higher advertising revenue. “Now that advertising is coming back after unlock, there will be some rebound on the expectations of advertisement revenues. You may see media stocks getting better but not all stocks, particularly multiplexes, because malls have not opened up. But if you look at pure broadcasters, the valuation may go up. Depending on the how soon the recovery happens, there will be an upside. The cable operators, who are facing disruption in payment, will see things easing down," says SBICap Securities institutional equity research head Rajiv Sharma.
“Print media will take a lot of time to rebound because advertising revenue has taken a hit and people are not taking newspapers. Broadcast will be the first segment to recover. Once fresh content comes in, there will be bigger recovery in advertising revenue. In the case of print and radio, this is more of relief rally. Structurally, radio and print are going to suffer even after Covid2019,” Elara Capital VP – research analyst (Media) Karan Taurani says.
Among DTH players, Dish TV stock has been gaining for the last 17 days and has risen 125.47 per cent returns in the period. DEN Networks has gained 9.69 per cent on Tuesday. Another major multi system operators, Hathway Cable and Datacom has also gained 7.67 per cent.
NEW DELHI: Hamdard Laboratories gathered a cross-section of India’s achievers in New Delhi on Friday, handing out the Hakeem Abdul Hameed Excellence Awards to figures who have left their mark across healthcare, education, sport, public service and the arts.
The ceremony, attended by minister of state for defence Sanjay Seth and senior officials from the ministry of Ayush, celebrated individuals whose work blends professional success with a sense of public purpose. It was as much a roll call of achievement as it was a reminder that influence is not measured only in profits or podiums, but in people reached and lives improved.
Among the headline awardees was Alakh Pandey, founder and chief executive of PhysicsWallah, recognised for turning affordable digital learning into a mass movement. On the sporting front, Arjuna Awardee and kabaddi player Sakshi Puniya was honoured for her contribution to the game and for pushing women’s participation onto bigger stages.
The cultural spotlight fell on veteran lyricist and poet Santosh Anand, whose songs have echoed across generations of Hindi cinema. At 97, Anand accepted the honour with characteristic humility, reflecting on a life shaped by perseverance and hope.
Healthcare honours spanned both modern and traditional systems. Manoj N. Nesari was recognised for strengthening Ayurveda’s place in national and global health frameworks. Padma shri Mohammed Abdul Waheed was honoured for his research-backed work in Unani medicine, while padma shri Mohsin Wali received recognition for his long-standing contribution to patient-centred care.
Education and social development also featured prominently. Padma shri Zahir Ishaq Kazi was honoured for decades of work in education, while former Meghalaya superintendent of Police T. C. Chacko was recognised for public service. Goonj founder Anshu Gupta received an award for his dignity-centred rural development initiatives, and the Hunar Shakti Foundation was honoured for empowering women and young girls through skill development.
The Lifetime Achievement Award went to former IAS officer Shailaja Chandra for her long career in public healthcare and governance, particularly in the traditional systems under Ayush.
Speaking at the event, Hamdard chairman Abdul Majeed said the awards were a tribute to those who combine excellence with empathy. “These awardees reflect Hakeem Sahib’s belief that healthcare, education and public service must ultimately serve humanity,” he said.
Minister Seth struck a forward-looking note, saying India’s young population gives the country a unique opportunity to become a global destination for learning, health and wellness by 2047.
The ceremony also featured the trailer launch of Unani Ki Kahaani, an upcoming documentary starring actor Jim Sarbh, set to premiere on Discovery on 11 February.
Instituted in memory of Unani scholar and educationist Hakeem Abdul Hameed, the awards have grown into a national platform that celebrates those building a more inclusive and resilient India. For one evening at least, the spotlight was not just on success, but on service with substance.
