Sector Watch: Media stocks

Media Stocks put a super hit show !!
The Media stocks have seen a considerable interest after the news broke out that Anil Ambani has taken a majority stake in ADLABS. The stock caught fire with high volumes. Looks like every investor wants to Invest in whatever Anil ambani invests in !!
The other holdings on ambani group like birla corp, rallis India have also shown an upmove with higher volumes (though these are not media stocks)


The stock in action today were UTV and TV Today. TV today has hit the upper band with huge volumes of 65 lac shares traded and another 5 Lac in line with no sellers.
UTV bounced back with few weeks of lethargic show and moved up to Rs 180 before coling off to Rs. 172.
Investment Guru is of view that the fire in TV Today stock will continue even in tomorrow's session before traders start booking profits.

Next on Investment Guru ....
Will the market sustain the rally ?
Which are the stocks that are going to participate in the next round ?
Is the market slowly and steadily moving to the uncherised stocks ?

Get replies to these questions and many more on the upcoming article on Investment Guru blog.
Stay tuned to read more !