On media stocks like Zee and Sun
I have been bullish on Sun and I maintain my bullish stance on Sun. The ad revenues are going up significantly. With the election season approaching it will boost ad revenues down south, particularly in Tamil Nadu, which is a large market for Sun. The challenge in terms of the OTT platform launched by Sun was visible but the kind of library Sun has, will definitely give it an edge in the Tamil OTT space. Overall, I have been bullish on Sun and it can be purchased even at current levels.
As far as Zee is concerned, again the business per se is doing good. The programmes are doing good. The ad revenues are improving but the challenge remains in terms of governance and in terms of ownership structure and the need for a strong promoter to be behind the venture. The challenges with the Subhash Chandra exiting but still maintaining some kind of control and no simple large investor emerging to control the business are concerns. Till the time these are addr