Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Entertainment Network (India) Limited ( (IN:ENIL) ) has shared an update.
Entertainment Network (India) Limited announced that CRISIL has reaffirmed its credit ratings, maintaining a strong financial positioning with ratings of ‘Crisil AA+/Stable’ for long-term and ‘Crisil A1+’ for short-term debt. This reaffirmation underscores ENIL’s market leadership in the FM radio sector, supported by robust liquidity and the backing of Bennett Coleman and Company Ltd. However, the company remains vulnerable to economic downturns affecting advertisement revenue and competition within the industry.
More about Entertainment Network (India) Limited
Entertainment Network (India) Limited (ENIL), part of the Times Group, is a leader in the FM radio broadcasting industry in India. With its flagship channel, Radio Mirchi, it operates across 63 cities and has expanded its market presence by focusing on solutions and digital products. ENIL is also making strides into the OTT segment through its acquisition of Gaana, catering to both radio and non-radio advertisers.
YTD Price Performance: -4.49%
Average Trading Volume: 1,744
Current Market Cap: 8.1B INR
For detailed information about ENIL stock, go to TipRanks’ Stock Analysis page.