CMP: 52


Raj Television Network Limited operates a television network. The Company, through its channels - Raj TV , Raj Digital Plus, provides a wide range of South Indian entertainment.

Raj TV is a 68 Crore penny cap stock. It has been making losses from FY10 till last quarter. It has come back into profits in recent quarter Q4 FY11 after almost 2 years. This is a good positive turnaround, if it continues to stay in profits in coming quarters. Low liabilities mean the turnaround is very much a possibility. Assuming the current quarter profits continue in FY12, its currently trading at a FY12 forward P/E of 11 which is a decent buy. Swing traders can exit above 60 when the market rallies.