ICICI Securities Limited
TV Today reported a strong set of numbers on all fronts for Q4FY20 led by healthy growth in broadcasting and continued strong traction in the digital segment. Operating revenue came in at | 208.3 crore, up 19.1% YoY with TV broadcasting revenue at | 169.1 crore (19.5% YoY growth) driven by events like Delhi election and spread of Covid-19 followed by a nationwide lockdown, which kept viewers glued to news channels. Radio segment disappointed again with revenues declining 30% YoY at | 3.7 crore due to a weakened macroeconomic setup. Digital revenue continued to surprise...
TV Today Network Ltd. is trading below its 50 day SMA of 177.1
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