Kotak Securities report on Entertainment Network India:

"We see Entertainment Network India (ENIL) as an emerging player in city-centric media businesses with a dominant presence in radio broadcasting and a footing in nascent segments like outdoor advertising & live entertainment through its subsidiary- TIMPL. ENIL intends to grow its radio footprint extensively with a proposed roll out of 22 new stations in addition to the existing 10, over the next fiscal."

"ENIL's revenues are expected to grow at a CAGR of 55% over FY06-08E to Rs.3.3 billion in FY08E driven by a robust 41% CAGR growth in radio revenues to Rs.2.4bn and a healthy ramp up in TIMPL revenues to Rs 900 million. Healthy revenue growth, aided by economies of scale emerging across the different business, is expected to impact operating margins positively. Consequently, we expect ENIL to report an EPS of Rs.6.6 in FY07E, Rs.8.6 in FY08E and Rs.10.7 in FY09E."

"While the stock looks costly at 14.8x FY08E EV/EBITDA and 28.8x  FY08E P/E, we recommend a BUY on ENIL. We believe that the strong growth in the radio and outdoor advertising industries,  ENIL's leadership position, close associations with advertisers & a  strong management team will lead to high and sustainable growth  in the years to come. Our valuation methodology suggests a price target of Rs 294, achievable over a 12-month horizon."

Trading maybe someone else might be able to advice as an Investor I would not suggest that strategy.

Tnx Basantjee