4643 Investors following UTV Software. Share this News with them.
0
Like this story, share it with millions of investors on M3
Buy UTV Software, target of Rs 1068: Religare
Religare Research has recommended a buy rating on UTV Software Communications with a target price of Rs 1068. Media industry valued at Rs 513 billion and expected to log an 18% CAGR over the next five years, with films growing at 13%, television at 22% and animation & gaming at 25% (CAGR).
Religare Research has recommended a buy rating on UTV Software Communications with a target price of Rs 1068 in its June 16, 2008 research report."Media industry valued at Rs 513 billion and expected to log an 18% CAGR over the next five years, with films growing at 13%, television at 22% and animation & gaming at 25% (CAGR). UTV is a vast media conglomerate with strong business verticals and ample funding to ride on the opportunities in the sector. Fund infusion of Rs 13bn through recently concluded deals with Disney and the increased promoter group stake would anchor the company's growth. UTV set to register a CAGR of 86% in revenue and 80% in PAT over FY08-FY10. Film business projected to grow at 47%, television at 40% and gaming at 140% CAGR."
"We have an SOTP-based target price of Rs 1068. At its peak, the stock traded at 23.7x FY10E earnings, while valuations are now at 16.2x - a significant discount to its previous high," says Religare'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.
.jpg)
