2023 has proved to be a very difficult year for media sector companies. Media’s performance in the current year has been the second worst among all sectors. In the current year, the Nifty oil and gas sector has declined by 12.5 per cent while the media sector has registered a decline of 11.5 per cent. Meanwhile, the benchmark Nifty has gained 2.5 per cent. Most of the media shares of Nifty are running negative this year. There are five stocks in this list which have come down from 15 per cent to 33 per cent.
Some media stocks have touched their 52-week lows in recent months. However, there are signs of hope in some stocks. Here is the recent performance of stocks of major media companies.
NDTV shares bought by the Adani group have declined by 33 per cent since January 2023. This share has decreased the most among media companies. The stock is currently trading at 230 and its 52 week low is Rs. There are 158.
Dish TV India’s share has decreased by 25 percent in 2023 and is currently running at 13.85. The 52 week low of this stock is Rs. It’s 10.20. Similarly, Zee Entertainment’s share has fallen 19 per cent in the current year and the current market value is Rs. There are 194. The stock hit a 52-week low of Rs. is 175.55
PVR Inox shares have declined 18 per cent since January this year. Currently this stock is running at 1414. The stock hit a 52-week low of Rs. 1336 Hathway Cable & Datacom (Hathway Cable & Datacom) share declined by 17 per cent in the current year. The stock is currently trading at 14.30 and its 52 week low is Rs. It’s 12.25.
Shares of Sun TV Network (Sun TV Network) have declined by 9 per cent in the current year and are currently trading at Rs.443. The stock hit a fifty-two week low of Rs. There are 393. Shares of Reliance Group’s Network 18 Media have fallen 4 per cent in the current year and are currently trading at Rs 63.75. The 52 week low of this stock is Rs. There are 45. Shares of TV 18 Broadcast are down 0.40 per cent year-to-date and currently priced at Rs 36.90. The stock hit a fifty two week low of Rs. It’s 27.35.
At the same time, shares of some companies have managed to give positive returns during this period. This includes Navneet Education and Najara Technologies. Shares of Navneet Education have gained two percent in the current year and the stock is currently trading at 126.90. Shares of Nazara Technologies have gained 8 per cent in the current year and are currently trading at Rs 630.