Recommendation from TV Broadcasting & Software Production and Iron & Steel Sector

The scrips in this column have been recommended with a 15-day investment horizon in mind and carry high risk. Therefore, investors are advised to take into account their risk appetite before investing, as fundamentals may or may not back the recommendations.[EasyDNNnews:PaidContentStart]

ZEE MEDIA CORPORATION LTD
CMP - ₹22.42
BSE CODE 532794
Volume 5,32,634
Face Value ₹1 Target ₹24 - ₹25
Stoploss ₹20 (CLS)

The company is one of India’s largest news networks, operating 14 news channels across 7 different languages, reaching more than 183 million viewers, and managing 32 digital properties. It has significant interests in global, national, and regional news channels, as well as digital news publishing. For Q1FY25, the company reported a 25 per cent year-onyear revenue growth, while its net loss narrowed from ₹25 crore to a loss of ₹10 crore. In the past month, shares of the company witnessed an uninterrupted robust rally of more than 90 per cent, consistently hitting back-to-back upper circuits. This surge was followed by the board’s authorisation to issue up to 13.3 crore warrants, which are convertible into fully paid equity shares. Each warrant is priced at ₹15, potentially raising ₹200 crore for the company. Although the stock has pulled back by more than 15 per cent from its 52-week high, the high trading volume and strong technical indicators suggest further upside potential. Therefore, we recommend BUY.

Hi-Tech Pipes Ltd
CMP - ₹197.05
BSE CODE 543411
Volume 45,759
Face Value ₹1
Target ₹212 - ₹216
Stoploss ₹182 (CLS)

With an installed capacity of 7,50,000 metric tonnes, the company ranks among the top five pipe manufacturers in India. It specialises in producing steel tubes and pipes for a diverse range of industries, including infrastructure, telecommunications, defence, railroads, airports, real estate, and automobiles. The company reported sales volumes of 123,027 MT for Q2FY25, marking an impressive 22.5 per cent year-on-year growth. Despite the challenges brought on by the heavy monsoon season, the company successfully capitalized on opportunities created by increased government spending on critical infrastructure projects and rising private investment in renewable energy initiatives. Additionally, the company recently announced the successful closure of a ₹500crore Qualified Institutional Placement (QIP), which was oversubscribed by prominent institutional investors. Given the upside potential towards the 52-week high of ₹210.75 per share on the BSE, we recommend BUY.

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