External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

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External broker reports(aggregated public sources)

Equity Bottom-Up

Entertainment Network India / Equity Bottom-Up

<p>The radio business continued to report revenue de-growth in Q4FY21 due to pressure on realisation front. We note that ENIL's core radio revenue decline of 27.4% during Q4FY21 was much steep compared to MBL. The company indicated that pricing has started improving gradually as price increase for the quarter was 5% YoY, albeit significantly lower than its peak. We expect pricing recovery to be gradual in nature.</p>
<div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

The radio business continued to report revenue de-growth in Q4FY21 due to pressure on realisation front. We note that ENIL's core radio revenue decline of 27.4% during Q4FY21 was much steep compared to MBL. The company indicated that pricing has started improving gradually as price increase for the quarter was 5% YoY, albeit significantly lower than its peak. We expect pricing recovery to be gradual in nature.
Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Entertainment Network: Radio Weakness Continues