Yes Securities has recommended accumulate rating on Hathway Cable & Datacom with a target price of Rs 41 in its research report dated November 29, 2016.
Yes Securitie's research report on Hathway Cable & Datacom
We believe Hathway is at the cusp of ushering in the next phase of growth through (1) deeper penetration of broadband services across markets (2) expansion in ARPU and margins, with the rollout of Docsis 3.0 in new regions and (3) digital subscriber adds and ARPU expansion, given rollout of Phase III & IV of digitalization. Maintain ACCUMULATE rating on the stock. Our DCF based TP for the stock stands at INR 41.
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