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. Rakesh Jhunjhunwala, an iconic investor in Indian stock markets pocketed around 5% stake in the counter at 40 odd rs. Sensex moved five times since then, many scrips became huge wealth creators, people made fortune but mid-day never moved.
Market Cap 127.07
* EPS (TTM) 0.63
* P/E 38.17
* P/C 29.69
* Book Value 30.60
* Price/Book 0.79
Div(%) 0.00
Div Yield(%) -
Market Lot 1.00
Face Value 10.00
Industry P/E 32.30
The stock is trading at higher P/E levels but it is available below it's book value which is indication of a value stock.
Rakesh Jhunjhunwala is holding the stock even now which shows his confidence and conviction in the company. Media sector is a sun rising sector with immense potential and opportunities. With RJ still backing it I feel mid day is a stock to buy which has little downside from around 20 levels but can be a multi bagger in long run.
