Scripscan:Mid-day Multimedia Ltd
cmp:22
Code:532416
Story:Mid-Day Multimedia Limited operates as a media company in India. It owns and operates various community newspapers, including Mid Day and Sunday Mid Day for English readers, Gujarati Mid Day, and Urdu daily Inquilab. The company also operates Radio One 94.3 FM with stations at Ahmedabad, Bangalore, Chennai, Delhi, and Pune. In addition, it engages in outdoor advertising business. Mid-Day Multimedia Limited is based in Mumbai, India.Now we all know about Rakesh Jhunjhunwala and how he made a fortune in our stock markets.Undoubtedly he is one of the best in the business and is known for his large investment in emerging companies at great bargain prices.Now mid-day multimedia has been a rare failure among his investments.In late 2004 he pocketed around 5% stake in the counter at 40 odd rs.Sensex moved five times since the,many scrips became huge wealth creators,people made fortune but mid-day never moved.RJ sir has been holding the stock even now which shows his confidence and conviction in the company.The sector itself is sun rising with immense potential and oppurtunities.With RJ still backing it I feel mid day to be a scrip which has little downsides from this 20 levels but can stun one as far the upsides are concerned.I would be a buyer at this 20 odd levels(Potential+prospects+respect to RJ"s skills).
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Thursday, November 12, 2009
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