Media Sector Exciting, Telecom Stocks Cheap: UBS

Suresh Mahadevan of UBS AG, Singapore says media stocks (distributers and broadcasters) look attractive after the recent move to ease foreign direct investment limit in the sector. (Watch) FDI limit in direct to home (DTH) and cable networks has gone up to 100 per cent. Non-news TV channels can also get 100 per cent FDI funding, while for news channels, the FDI limit has been raised to 49 per cent. Calling media stocks "exciting", ...