MarketsMOJO Upgrades T.V. Today Network to 'Buy' Rating After Strong Q2 Results

T.V. Today Network, a smallcap company in the TV broadcasting and software industry, has recently received a 'Buy' rating from MarketsMOJO. This upgrade comes as the company has shown positive results in the quarter ending June 2024, with a growth in net profit of 348.34%. The company also has a low debt to equity ratio, making it financially stable.
One of the key factors contributing to the 'Buy' rating is the company's strong cash position, with cash and cash equivalents at a high of Rs 249.70 crore. Additionally, T.V. Today Network has also reported its highest net sales and PBDIT in the quarter, at Rs 311.79 crore and Rs 69.40 crore respectively.

From a technical standpoint, the stock is currently in a mildly bullish range and the KST has been bullish since September 11, 2024. The company also has an attractive valuation with a price to book value of 1.7 and a high dividend yield of 3.5%.

However, there are some risks associated with investing in T.V. Today Network. The company has shown poor long-term growth, with operating profit declining at an annual rate of 14.46% over the last 5 years. Additionally, the stock has underperformed the market in the last year, with a return of only 10.92% compared to the market's 34.98%.

Despite these risks, T.V. Today Network remains a promising investment opportunity, with its strong financials and positive growth in the recent quarter. With majority shareholders being promoters, it shows their confidence in the company's future prospects. Investors looking for a smallcap company in the TV broadcasting and software industry may want to consider adding T.V. Today Network to their portfolio.