Suntv - Recession Proof
If the world is forecasting a recession and we are looking for recession proof businesses SunTV would be one such business.
Its a dominant player in South India with TV channels, OTT, Internet etc and Southern movies which are currently a greater rage than any other industry in India. The company has great cash on hand.
The promoters have historically been poor with minority shareholders so thats a caution.
The stock has finally crossed above the 200WEMA...
Long above 545 where it breaks above the diagonal trendline. Can doubleup above 610..
Its a dominant player in South India with TV channels, OTT, Internet etc and Southern movies which are currently a greater rage than any other industry in India. The company has great cash on hand.
The promoters have historically been poor with minority shareholders so thats a caution.
The stock has finally crossed above the 200WEMA...
Long above 545 where it breaks above the diagonal trendline. Can doubleup above 610..
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