Many things look good but there are three issues 1) Promoter group legal troubles 2) Falling circulation 3) Rumours of acquisition.
Not much one can do about 1 and 3, but watch and hope for the best. But I am concerned about Point #2. There was an over 6% fall in circulation revenue this quarter. I don’t think there must have been price cuts (not sure, but generally no one’s taking cuts), if so, it reflects a decline in circulation.
Also, they continue to underperform vs DB Corp on most parameters. I have stayed invested, but something’s holding this back.
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