ICICI Direct is bullish on Sun TV has recommended buy rating on the stock with a target price of Rs 850 in its research report dated February 13, 2017.
ICICI Direct's research report on Sun TV
With the acquittal news, the stock witnessed a significant rally on the bourses. We feel the stock is yet to reflect its full potential. We value the stock at 24x FY19E EPS of Rs 35.4. Hence, we arrive at a target price of Rs 850 and maintain BUY recommendation.
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