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Buy Balaji Telefilms, target Rs 215: Angel
Angel Broking has maintained its buy rating on Balaji Telefilms with a 12 months target price of Rs 215. At the CMP of Rs 163, the stock is trading at attractive valuations of 9.1x FY2010E EPS making it one of our Top picks in the Media space.
Angel Broking has maintained its buy rating on Balaji Telefilms with a 12 months target price of Rs 215 in its August 22, 2008 research report. "At the CMP of Rs 163, the stock is trading at attractive valuations of 9.1x FY2010E EPS making it one of our Top picks in the Media space."
"The fact that Balaji Telefilms continues to be amongst the most preferred content providers for a GEC and that it continues to churn out successful TRP generating programmes, we remain confident of its future growth prospects. A strong Balance Sheet, cash rich position and possible unlocking of the Movie business provide additional cushion against downside risks to the stock. We maintain a Buy on the stock, with a revised Target Price of Rs 215 (Rs 244)," says Angel's research report.
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