Way back in end March, I had blogged about the bull run in Multiple System Operators due to the Cable Digitization Bill.
Well, since then, the bull run has continued as can be seen from the performance below:
WWIL (121.25%)
DEN (13.67%)
Hathway (6.91%)
Too bad Parliament is stalled else it would have generated some more stock picking ideas !!
The Cable Digitization bill was passed by Parliament on 13th December, 2011
The Bill makes it mandatory to digitize analogue cable network for the entire country before the end of 2014 in four phases.
The first phase covering the four metros of Mumbai, Delhi, Chennai and Kolkata is to be completed by 30 June 2012.
This move has proved to be a bonanza for the market capitalizations of Multiple System Operators.
Consider the increase in share prices of these companies from 13th December,2011 till now:
WWIL (14%)
Hathway (46%)
Den (89%)
Moral of the story:Maybe it’s more profitable to watch Lok Sabha TV than CNBC !!