7364 Investors following Balaji Telefilm. Share this News with them.
0
Like this story, share it with millions of investors on M3
Buy Balaji Telefilms, target of Rs 215: Angel
Angel Broking has maintained its buy rating on Balaji Telefilms with a target price of Rs 215. The research firm expects FY2009E to be a challenging year for Balaji as it diversifies into new genres/channels and scales up its movie business results of which would be seen with a lag effect in FY2010E.
Angel Broking has maintained its buy rating on Balaji Telefilms with a target price of Rs 215 in its August 23, 2008 research report. "Post exit of Star as a strategic partner, we expect FY2009E to be a challenging year for Balaji as it diversifies into new genres/channels and scales up its movie business results of which would be seen with a lag effect in FY2010E."
"While lack of visibility in terms of ramp up of its content slate is a cause of concern, the fact that Balaji Telefilms continues to be amongst the most preferred content providers for a GEC and considering that it continues to churn out successful TRP generating programmes, we remain confident of its growth prospects. At Rs 163, the stock is trading at 9.1x FY2010E EPS. We maintain a Buy on the stock with a revised Target Price of Rs 215 (Rs 244)," says Angel's research report.
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
