Diligent Media Corporation Stock Research

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Diligent Media Corporation Detail

Diligent Media Corporation is in portfolio of Dilip Kumar Lakhi. He is one of the top investors in India. The company belongs to Media sector. 

As per the Company website it is engaged in publishing of DNA newspaper, an
English Daily newspaper launched in July 2005 and currently being circulated only in Mumbai.

As of now It has become step down wholly owned subsidiary of Zee Media Corporation limited.

I have shared long term price performance chart of the Company below.As per Dow theory of technical analysis price performance over a period of time reflects Company state.

Diligent Media Corporation Stock Performance

This is classic example of how stock destroys wealth of investors. The Company was trading at 9 INR price in year 2017 end. Note many investors think Stock is already so cheap so it will not go down further.

They rule out possibility of stock trading well below 1 INR as well. In this case investors have lost 90% of their money in this counter. It has become junk stocks.

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Diligent Media Corporation My Opinion

Diligent Media Corporation is a Media Company.Media is one sector which is getting disrupted by technology. Nowadays most people consume online content. WIth Smart TV into picture people are consuming online content more than the offline ones and channel ones.

This trend is going to increase in near future. The Television channels and news papers will have to adopt as per new technology and view preference if they want to be relevant in current scenario.

I will not invest in this Company as it does not have any business of its own and is step down subsidiary of Zee Media Corporation. So  if one has to invest they can analyze Zee Media why to invest in this Company.

It is risky company to invest in and should be left for ace investors and is not for retail investors.


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