SRI ADHIKARI BROTHERS TELEVISION NETWORK - BUY (CMP Rs.50/-)

I have recommended a BUY on SRI ADHIKARI BROTHERS TELEVISION NETWORK on 27th February 2010 @ Rs.27/- .After touching a high of Rs.73.50/- in last week ,it is now quoting around Rs.50/- .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 .SAB recently launched Hindi Music Channel ' Mastiii' through its subsidiary which is a huge success.It is also expected to start few more channels in coming years.Channel business  is expected to brake -even shortly.Vast experience of promoters is the main plus point of this company .Investors can BUY  at current level for good return in long term