Recommendations from Film Production, Distribution & Entertainment & Airport Management Services

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]

SAREGAMA INDIA LTD 

CMP - ₹378.25
BSE CODE: 532163
Volume: 36,790
Face Value: ₹1
Target: ₹405 - ₹415
Stoploss: ₹355 (CLS) 

Saregama India Ltd owns India's largest music archives, comprising nearly 50 per cent of all Indian music ever recorded. This makes it a significant repository of the country's musical heritage. It has also diversified into publishing, film production, and digital content. Evaluating the financial performance of the company on a consolidated basis, it showcased a notable growth of 12.27 per cent from ₹181.94 crore in Q3FY23, reporting a total revenue of ₹204.26 crore in Q3FY24. 

The net profit, on the other hand, witnessed a marginal decline of 1.11 per cent, reaching ₹52.35 crore, compared to ₹52.94 crore in the corresponding quarter of the last year. There was a notable surge in investors’ buying interest as the company unveiled ‘Padhanisa’, an AI-driven music learning app designed to simplify and make Indian vocal learning accessible worldwide. Considering their 52-week high of ₹476 on the BSE, shares show significant upside potential soon. Hence, we recommend BUY.
 

Dreamfolks Services Ltd 

CMP - ₹511.80
BSE CODE: 543591
Volume: 27,733
Face Value: ₹2
Target: ₹555 - ₹565
Stoploss: ₹485 (CLS) 

Dreamfolks Services Ltd stands as a leading global aggregator of travel and lifestyle services, committed to enhancing the airport experience for travellers through advanced technology platform. It holds an impressive 90 per cent market share in India's domestic lounge access market for debit and credit card programs, catering to prestigious clients such as major Card Networks, Banks, OTAs, Airlines, and Enterprises. When assessing the financial performance of the company on a consolidated basis, there was an impressive revenue growth of 49.54 per cent, gaining from ₹204 crore in Q3FY23 to report a total revenue of ₹305.06 crore in Q3FY24. The net profit also experienced a notable gain of 5.55 per cent, reaching ₹20.03 crore, as compared to ₹18.98 crore in the corresponding quarter of the previous year. The government's focus on enhancing air connectivity and upgrading airport infrastructure is set to benefit businesses in the sector. Therefore, given the growth potential, we recommend BUY.
 

(Closing price as of April 02, 2024) 
 

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