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CMP: `141.80 (As on 30th June 2017) TECHNICAL
Buy: `141-136
Target Price: `160-175 PICK
Stop-Loss: `125
and entertainment company. It is engaged
4 ARIHANT CAPITAL ยก JULY 2017 in the production of television content. It
operates through two segments: commissioned
programmes segment is engaged in the sale of
segment is engaged in the business of production
and/or distribution of motion pictures and
movies business and digital business. Its
television business consists of Chhayabani Balaji
Entertainment Private Limited, Marinating Films
Private Limited, Event Media LLP and BOLT
Media Limited. Balaji Motion Pictures Limited
(BMPL), the movie production arm of BTL, is
Hindi movies. Its digital business consists of
ALT Digital Media Entertainment Limited (ALT
Digital), a video streaming platform that allows
users to watch content on screens across devices.
Technical Outlook:
On the weekly chart, the stock is in a steady
uptrend. At present the momentum indicators are
gaining strength. This suggests upside momentum
in the counter.
Hence we recommend buying in stock at Rs 141
or on a decline up to Rs 136 with a stop loss of
Rs 125 for a target of Rs 160-175 levels.
