SRI ADHIKARI BROTHERS TELEVISION NETWORK(BSE - 530943) - RESULT UPDATE

I have recommended a BUY on SRI ADHIKARI BROTHERS TELEVISION NETWORK on 27th February 2010 @ Rs.27/- .(Old Report can be Accessed HERE) .After touching a high of Rs.73.50/- in last week ,it is now quoting around Rs.59/- .On a standalone basis ,in the September quarter company posted a turnover of Rs.9.5 Cr v/s Rs.5.4 Cr and a net profit of Rs.1.4 Cr v/s a loss of  Rs.81 lac .For the half year ended SAB posted a turnover of Rs.17 Cr and a profit of  Rs.2.83 Cr and an EPS of Rs.1.61 .In a consolidated basis, it is expected to perform even well in coming years due to the robust performance of the newly launched Hindi Music Channel ' Mastiii' through its subsidiary.Company is also expected to start few more channels in coming years.Vast experience of promoters is the main plus point of this company .Investors can HOLD at current level and any correction below Rs.50/- due to overall negative sentiments in market(if any) may taken as a chance to ACCUMULATE it for long term