Rough Ride! Media sector hit hard this year, 5 stocks plummet 15-30%

The Media sector has had a tough year in 2023 so far, making it one of the weakest-performing sectors compared to other sector indices. It experienced a decline of 11.5%, second only to the Nifty Oil and Gas sector, which fell by 12.5%. Meanwhile, the benchmark Nifty rose approximately 2.5%. Most stocks in the Nifty Media pack have given negative performance thus far, with five stocks from the list witnessing declines of 15-33% (Data Source: ACE Equity).

Moreover, several stocks have reached their 52-week lows in recent months. Nevertheless, there is a glimmer of hope as some stocks have shown signs of recovery after hitting their lowest points of the year. Based on the Trendlyne SWOT analysis, several media stocks have witnessed a decrease in net profit accompanied by a declining profit margin.