Best Media Stocks in India to Buy in 2024

The media industry is growing at a rapid pace in India. Technological advancements and increasing income levels are changing people's lifestyles, leading to a higher demand for media and entertainment. This, in turn, is attracting new investments and companies due to the large viewership. In this blog, we will analyze the best media stocks in India.

The Indian media and entertainment sector is projected to reach 3.08 trillion by 2026, according to the FICCI-EY Report 2024. The easy availability of fast and affordable internet is driving the consumption of digital content.

 

 

Highlight of the Indian Media and Entertainment Industry

The Media and Entertainment (M&E) industry of India is expected to keep growing due to many factors such as constant advancement of technology, availability of cheaper and faster Internet, harsher climatic changes and changing lifestyle will only facilitate the Indian media and entertainment industry in the future.
The testament of the robust growth of the Indian Media and Entertainment sector is the fact that it grew by 8% in 2023 and crossed the 2 trillion INR mark valued at 2.3 trillion INR. New media which comprises of both online and offline gaming has been the frontrunner in the growth story of the Indian media and entertainment industry's growth. 

 

In the overall increase of the valuation by INR173 billion, gaming sector alone contributed INR122 billion of the total growth. In percentage terms new media’s share in the M&E industry of India rose from 20% in 2019 to 38% in 2023.

 

Another interesting study which indicated a bright future for the media industry is that by 2030 there will be a total of 1 billion TV screens in India. According to the study, 240 million out of it will be big screens (TV, laptop, PC) whereas the other will be smaller screens (tablet, smartphone) and around 60 to 80 million Indian households will have some form of Pay TV, Free TV or Connected TV at their homes.

 

Learn to trade in stock market from best stock market course

 

 

Best Media Stocks in India to Invest in 2024

Since, the Indian media industry is likely to rise consistently with time, it also presents itself as a viable investment avenue for investors. Let’s deep dive into the top media stocks in India ii 2024 which you can consider for investment purposes, But know the important ratios before investing in stocks market.

1). Zee Entertainment Enterprises Limited (ZEEL)

ZEE Network, which was incorporated in 1982, has now become a juggernaut in the media and entertainment industry. The company boasts of 40 different types of television stations in different languages. The ZEE library consists of over 2,60,000 hours of television content and broadcasting rights of around 4,800 movies. 
It caters to varied entertainment needs of the diverse audience around the world with its various television channels such as Zee Cinema, Zee TV, Zee Classic, Zee Action, Zee Cafe, Zee Studio, ETC Bollywood, Zee Anmol, Zee Q, Zee Salaam, Zing and Zindagi. It also has a presence in OTT as well with its ZEE5 app and is also related to the movie production business.

 

Learn how to select stocks for long term investment

 

 

2). Sun TV Network Limited

Started in 1985, Sun TV Network is a big name in the television market of South India. This TV network has satellite TV channels in 6 languages- Tamil, Telugu, Kannada, Malayalam, Bangla and Maratha and is also responsible for operating 69 radio channels all over India.
The Sun TV channels have its presence in 27 countries around the world including USA, Canada and Europe and its main sources of revenue are advertising, broadcasting fees and subscriptions. Apart from that, the company also has its presence in the OTT sector with its Sun NXT platform and owns the SunRisers Eastern Cape of Cricket South Africa's T20 League and the SunRisers Hyderabad Cricket Franchise of the Indian Premier League.

 

 

3). PVR Limited

PVR Limited is a big player in the movie distribution and production business. The company runs over 800 screens across India and also provides other services such as operating multiplexes, selling tickets, in-cinema advertising and foods and beverages selling. The company earns from a variety of sources such as movie distribution income, sale of tickets, sale of foods and beverages, convenience fees and advertisements.

 

 

4). Network18 Media and Investments Limited

Network18 Media and Investments Limited is one of the giants of the Indian Media and Entertainment industry. One of the prominent reasons for this has been the highly diversified business of the company in this sphere. The company has provided news to its viewers both in the traditional as well as in the digital domain. It has also its presence in the entertainment sector. The company provides digital and mobile content and owns traditional and digital media channels such as News18, Moneycontrol, Firstpost and Voot.

Network18 Indian media conglomerate owned by the giant Reliance Industries, headed by billionaire Mukesh Ambani.

 

 

5). TV18 Broadcast Limited

TV18 Broadcast Limited came into being in 2005 and since then it has become one of the key players in the Indian media industry. The primary service of the company is to provide news to the public. It owns traditional and digital news channels such as CNBC-TV18, CNBCAwaaz, CNN-News18, CNBCTV18.com, News18 India. It also owns some regional news channels as well. Apart from news, it also has many entertainment channels such as Colors, Colors Rishtey, Colors Cineplex, Nick, Sonic, MTV, MTV Beats, Comedy Central, Colors Infinity, which provide entertainment to its audience.

 

 

6). Hathway Cable & Datacom Limited

Hathway Cable and Datacom Limited engages in providing cable television and internet services all over India. The company also has been focusing on growing its fibre optic network in order to provide seamless high-speed Internet and digital streaming services to its users.

 

 

7). Den Networks Limited

DEN is one of the leading entertainment companies in India that provides TV channels, internet, and streaming services. It aims at bringing visual entertainment to over 13 million homes across 13 states and 433 cities of India. The company achieves this feat through cable TV, apps (OTT platforms), and internet connections. 

 

 

8). NDTV

New Delhi Television Limited (NDTV), is one of the renowned news channel in India. Currently the NDTV operates 3 channels including (NDTV 24x7, NDTV India, and NDTV Profit).

Company generates its major revenue from advertising, events, subscription revenue.

 Adani Group acquired more than 29% of the news broadcaster NDTV.