World Television Day: Best TV Stocks to Consider

World Television Day is celebrated on November 21st every year. The United Nations has set aside this day to honour the occasion of the inaugural World Television Forum in 1996. The objective of World Television Day is to emphasise the importance of television as a medium for communication, cultural exchange, information dissemination and entertainment.

Television plays a significant role in modern society by providing a platform for news reporting, entertainment, education, and cultural programming. Television holds the power to reach a wider global audience and is instrumental in shaping public opinion and influencing social and political developments. We at Angel One understand the significance of this medium. We bring you financial insights and solutions through television, making it an integral part of your financial journey. In the below article, we will look at top TV stocks in India on the basis of Return on Equity (ROE).

Top TV Stocks in India Based on ROE

*The above stocks have been filtered on the basis of Return on Equity, and the data is as of November 03, 2023.

Let us now have a look at the above companies in brief:

• Sun TV Network Ltd: Sun TV Network Limited is involved in the production and broadcasting of satellite television and radio software programming in the regional languages of South India. During the last  5 years, the company’s revenue has grown at a yearly rate of 5.83%The company has a beta of 0.97 and a dividend yield of 2.34%. 

• Zee Entertainment Enterprises Ltd: Zee Entertainment Enterprises Limited is a media and entertainment company which is engaged in providing broadcasting services. It is a mid-cap company with a market cap of ₹25,871 cr, and the stock is ranked 223. Over the last 5 years, the company’s revenue has grown at a yearly rate of 2.38%.

• T.V. Today Network Limited: T.V. Today Network Limited is a media and entertainment company engaged in radio broadcasting and television programming and broadcasting activities. The company has a dividend yield of 36.28% and a beta of 0.75.  During the last  5 years, the company’s revenue has grown at a yearly rate of 4.33%

• DEN Networks Ltd: DEN Networks Limited is a cable television distribution company. The company is engaged in the distribution of television channels through analog and digital cable distribution networks and the provision of broadband services. In the past year, the stock has provided a return of ~39.02%. It is a small-cap stock by market capitalisation with a rank of 898.
• TV18 Broadcast Ltd: TV18 Broadcast Ltd. is a television (TV) broadcast network which offers telecommunication, broadcasting and information supply services. Over the last 5 years, its revenue has witnessed a yearly growth rate of 31.07%.

Conclusion

On World Television Day, we remember the importance of television in our lives, bringing us news, entertainment, and more. Likewise, in investing, you should give equal importance to different sectors to get the benefit of diversification. The article introduced top TV stocks in India based on ROE, assisting investors in making informed choices for their financial journey. You can further research these stocks on Angel One. In case you are considering investing in stocks, open a Demat account with us today.

Disclaimer

This article has been written for educational purposes only. The securities quoted are only examples and not recommendations.