I went through the recent concall to make sense of the valuations, lately this had become more like a passive investment.
The stock trades at 75 p/e now. There are several brokerage reports covering the stock like Arihant capital etc. The DII and FII % are approaching 5%. Management as always have promised 30% growth and maybe only now the market has started believing. I am not an expert on valuations but 75 p/e for 30% growth looks expensive to me.
Concall wise, quite bullish.
Content acquisition is still going slow.
But their warner deal would provide a step up in grwth for the next 3-4 quarters. Warner was still ingesting content.
They are trying for brand sync deals. Signed one with motorola. Value not mentioned, more to come. No idea on how meaty this could be.
Yet to decide on events business, maybe next quarter there may be an update
Wynk app shutdown may impact for 15 days, management thinks users will move to other platforms
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