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ENIL an outperformer; tgt Rs 383: P Lilladher
Prabhudas Lilladher has recommended an outperformer rating on Entertainment Network India (ENIL) with a target price of Rs 383. The research firm remain upbeat about ENIL’s city-centric model and its ability to retain its leadership position in the radio business.
Prabhudas Lilladher has recommended an outperformer rating on Entertainment Network India (ENIL) with a target price of Rs 383, in its August 25, 2008 research report. "We remain upbeat about ENIL's city-centric model and its ability to retain its leadership position in the radio business. At the same time, company's out-of-home business continues to suffer from poor site utilisations coupled with escalating license fees. However, at current valuations of 41.2x FY09 and 17.6x FY10, we expect the scrip to outperform with a revised price target of Rs 383 per share," says Prabhudas Lilladher's research report.
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