Top Story


Home >> Media – Print >> Article

Government decision on FDI in print boost media stocks

Font Size   16
Government decision on FDI in print boost media stocks

The government decision provided a boost to the print media stocks yesterday on the BSE. Major players like Mid-Day Multimedia, Tata Infomedia, Sandesh, Navneet Publication and Macmillan Industries saw their shares hitting the upper circuit..

Mid-Day Multimedia hit the 20 per cent upper circuit to close the day at Rs 31.25. A total of 8.08 lakh shares changed hands at the BSE yesterday.

Tata Infomedia which has business interest in Yellow pages, special interest publications, direct marketing, corporate gifting and children books was also up 18 per cent to Rs 126.80, while Sandesh, the Gujarat based news daily gained 10 per cent to Rs 122.10, Navneet Publication, a publisher of educational books leapt 11.72 per cent to Rs 194.90 and Macmillan Industries jumped up 8.37 per cent to Rs 250.90.

The Kotak Mahindra Finance (KMFL) stock was also up in afternoon trades on the back of the cabinet news. The stock was up 10.42 per cent to close the day at Rs 166.85

According to analysts the move is definitely a positive for the overall sector, which is reflected in the rise in print media scrips yesterday. According to media analyst, the move so far had been fiercely opposed by many of India's powerful media barons who did not want any foreign competition, but the advent of the Internet and other communication changes had altered the publishing landscape. Some newspapers had complained the ban on foreign investment was denying them access to new sources of funding to upgrade their products.


Kranti Gada joined the family business at Shemaroo in 2006 after a successful stint of over two years in marketing at Pepsi Co. She has been associated with the company for 12 years.

Exchange4media interacted with Jaspreet Chandok, Vice President and Head (Fashion) , IMG Reliance Pvt. Ltd on seamless brands integrations planned for Lakme Fashion Week, walking tall despite blazing trails like GST, demonetization and being a part of the larger cultural space

Their strategy to educate the consumers to make well informed decisions at all stages has worked out well.

Bobby Pawar, MD, CCO - South Asia, Publicis India, talks about his idea of chilling out

For their latest campaign ‘Peeoge toh Janoge’ (English translation: you’ll buy it if you taste it), Wagh Bakri and DDB Mudra gave Sakshi a new, rustic avatar.

Dabbawalas send some extra love along with dabbas to working professional across Mumbai

The Diamond Producers Association brings to life another rare moment as part of the ‘Real is Rare. Real is a Diamond' Campaign