Axis Direct recommended hold rating on Narayana Hrudayalaya with a target price of Rs 341 in its research report dated February 08, 2017.
Axis Direct's research report on Narayana Hrudayalaya
While immediate upside is capped, we believe, the stock can compound at 15% given earnings are back-ended and 3x increase in EBITDA to Rs 5 bn expected by FY20. Maintain HOLD with DCF based TP of Rs 341(implies 24x FY18E EV/EBITDA).
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