For the 3rd quarter for the Financial Year 2008 (ending December 31, 2007), UTV Software reported a stellar set of numbers with the consolidated revenues growing up by 183% at Rs 123.2 crores and the net profit by a whopping 1055% from Rs 1.9 crores (after excluding an other income component of Rs 268.6 crores) up to Rs 23 crores in the current quarter. This is excellent growth by any standards and we expect this momentum to continue in the next few years. For the year as whole, we expect UTV to end at a net profit of Rs 60 crores on consolidated basis and EPS of close to Rs 25. We expect the sales and profits to double in the next 2 years.

UTV is an excellent exposure in the Indian Media space with its tentacles across the sector. The Management has proved its mettle and its growth plans are well thought out. We recommend this stock for all types of investors with a target price of Rs. 2000/- by December 31, 2008

Source : http://investorsheaven.blogspot.com/

dear techi,

                                  Market sentiment is weak right now, be patient, let the sentiment get to normal and then see. Its good time for accumulating.

thanks