NDTV has a market cap of Rs. 548 crores at current market price. Is it too much or too less? Well, it depends. The value is in the eye of the beholder. It's better to look at charts and see how stock has been doing over last 7-8 years.
Here's the Weekly Chart of NDTV
NDTV made a dramatic recovery from 2012 lows of 25. It rallied from 25 to 100 in less than a year. But since May of 2013 - the stock has done nothing just traded sideways between 65 and 100. What triggered the rally? Honestly, I have no idea. Cable digitization, Hope of turnaround, investor interest?
Keep an eye on the stock: Any breakdown below 65 will mean negative developments on the stock and any move above 100 would mean fresh interest in the stock.
Over a longer term timeframe: remember there was a time when NDTV stock traded at Rs. 500 and then when the reality and controversies hit the stock - it came crashing down to the earth
NDTV Monthly Chart
Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers