Recommendation from Film Production, Distribution & Entertainment and Banking 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.

SHEMAROO ENTERTAINMENT LTD
CMP - ₹151.00
BSE CODE 538685
Volume 7,442
Face Value ₹10
Target ₹166 - 174
Stoploss ₹145.50 (CLS)

Shemaroo Entertainment is a leading content provider that specialises in content ownership, aggregation and distribution. Considering the company's quarterly performance, on a consolidated basis, it reported a robust growth of 75.76 per cent from ₹93.59 crore registered in Q4FY22, recording total revenue of ₹164.49 crore in Q4FY23. When comparing the net profit for Q4FY23 to the same quarter last year, it skyrocketed 136.47 per cent from ₹2.05 crore to ₹4.85 crore. Significant promoter ownership and the low PE ratio compared to the industry average are strengths of the company. The company stated that Shemaroo TV and Shemaroo Umang had continuously ranked among the top five in the FTA GEC genre. Furthermore, Shemaroo GEC channels have a viewership share of more than 9 per cent of the overall Hindi GEC genre. Shares have gained more than 7 per cent over the past month and touched a 52-week high of ₹205.95 per share on the BSE and there is still room for growth. Hence, we recommend BUY

Bandhan Bank
CMP - ₹261.50
BSE CODE 541153
Volume 2,85,248
Face Value ₹10
Target ₹280 - 287
Stoploss ₹249.50 (CLS)

Bandhan Bank is a commercial bank focused on serving underbanked and underpenetrated markets in India. The bank has a Pan-India presence and offers a wide range of banking products and services and asset and liability products and services designed for micro banking and general banking. The net interest income (NII) of the company decreased by 2.7 per cent to ₹2,471.8 crore compared to ₹2,540.2 crore. Additionally, total deposits as of March end reached ₹1.08 lakh crore, representing a 12 per cent increase from the previous year. The net profit of the bank declined 57.5 per cent from the corresponding quarter last year to ₹808.3 crore. The bank is currently focused on developing new capabilities to maximise its business impact. The introduction of various business streams, including commercial vehicle lending, loans against property for business, and government business operations, among others, is expected to contribute to both the revenue and profitability of the bank in the coming quarters. Hence, we recommend BUY

(Closing price as of June 13, 2023)