Hindustan Media Ventures, a unit of newspaper publisher HT Media, will launch its 2.7 billion rupees ($58 million) initial public offering on July 5. The price band for the issue, which closes on July 7, will be decided two days before the open, said the company in newspaper advertisemen…
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Reduce HT Media: Prabhudas Lilladher
Posted on: May 25th 2009 in Brokerage Recommendations.
Prabhudas Lilladher has maintained its reduce rating on HT Media in its May 19, 2009 reports. “Although the worst is over for the company in terms of cost overheads (with newsprint prices back to January 2008 levels), maintaining ad revenue growth will continue to be quiet challeng…
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