Media stocks buzz after NDTV's Q3 nos; Tv18, Saregama can rally up to 25%

Dish Tv too has bounced back from its major support level and can gain up to 8 per cent. Nazara Technologies, however, looks weak.

Shares of New Delhi Television (NDTV) surged and were locked at the 20 per cent upper circuit in trades on Thursday, after the media firm reported a consolidated net profit of Rs 27.6 crore in December quarter (Q3FY22). NDTV said its Q3 was the most profitable quarter for the group in the last nine years. READ MORE

Pursuant to which media shares were in limelight today, here's what the charts indicate for the trend going ahead.

TV18 Broadcast Limited (TV18BRDCST)
Likely target: Rs 100
Upside potential: 25%

The shares of TV18 Broadcast Limited touched a new 52-week high in