Eros International Media is known
name in entertainment segment. Their Eros Now Application is also very popular
product in the marketplace which will enable Eros International Media to get
benefited with the higher adoption of Smartphone under 4G Era.
Eros International Media went
through the major slide in their stock price post rumor around its book
keeping. Its Stock went down to INR 125 from INR 554 and wiped out many
investor money especially F&O Player.
Fortunately, Company proved the
allegation wrong and now management is back to focus on company growth. Company
reported INR 59 Cr profit in Q1 even though revenue came lower than expected
but company also reduced their expenses.
It is expected that during
holiday season company performance will be far better than expected. At the
same time, Collaboration with Reliance Jio will be add to profitability. With
the transformation in entertainment segment with the evolution of mobility
segment, Eros International Media is well positioned to capture the opportunity
in Medium to long term.
It is advisable to buy the share
in small number and buy the same during market selloff's. Few good quarter is
going to take the stock back to upwards path.
Consult your financial advisor
before investing
Sir this blog covers this stock quite well too
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