Thursday, July 1, 2010

IPO NEWS - HINDUSTAN MEDIA VENTURES LIMITED- PRICE BAND RS 162-175.

The price band for Hindustan Media ventures limited's IPO has been fixed at Rs 162-175. The issue opens on 05-07-10 and closes on 07-07-10. Based on the FY 10 EPS, the price to earnings ratio comes to around 66 (At the floor price). The high valuation is justified considering the brand equity and other fundamentals of the company. FIRSTCHOICE STRONGLY RECOMMENDS FOR SUBSCRIBTION TO THE ISSUE. For detailed analysis search this blog.

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