Buy INOX Leisure, target of Rs 63: Nirmal Bang

5045 Investors following INOX Leisure. Share this News with them.

0

Like this story, share it with millions of investors on M3

Buy INOX Leisure, target of Rs 63: Nirmal Bang

Nirmal Bang has maintained its buy rating on INOX Leisure with a target price of Rs 63. The company reported revenues of Rs 60.0 crore which were in line with the research firm expectations.

Post your opinion here

 

0

Tweet

Share on Tumblr

RELATED NEWS Buy Praj Industries, target of Rs 100: Karvy Buy Lupin, target of Rs 935: Karvy Hold Reliance Capital: Indiabulls Securities Buy Bharati Shipyard, target of Rs 185: Asit C. Mehta Buy Bajaj Auto, target of Rs 535: Indiabulls Securities ALSO READ See previous views by Nirmal Bang See what other Experts & Brokerages are saying about INOX Leisure See messages about INOX Leisure INOX Leisure BSE | NSE 31/05/12 Are Mutual Funds betting on INOX Leisure?

Nirmal Bang has maintained its buy rating on INOX Leisure with a target price of Rs 63 in its research report. "Inox declared its Q2FY09 results which were in line with our expectations on the revenue front. The company reported revenues of Rs 60.0 crore which were in line with our expectations, as against Rs 54.2 crore in Q2FY08 i.e. 10.7% rise YoY basis and Rs 51.9 crore in Q1FY09, a 15.5% rise on QoQ basis. We reiterate our BUY rating on the stock lowering our price target due to slowdown in the economy as a whole, to Rs 63 per share with a long term view," says Nirmal Bang'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.

To read the full report click on the attachment......