ENIL has target of Rs 290: Rajesh Jain

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ENIL has target of Rs 290: Rajesh Jain

Entertainment Network India (ENIL) has target of Rs 290, says Rajesh Jain, Market Strategist

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Entertainment Network India (ENIL) has target of Rs 290, says Rajesh Jain, Market Strategist

Jain told CNBC-TV18, "ENIL has an intraday target of Rs 290. The company has an excellent footprint in FM radios and the recent liberalization by the government yesterday will help it expand its footprint further."

He further added, "There is also possibility of acquiring second license in the same geography or acquiring another player in the same geography, which will help ENIL to bolster its brand equity further. The raising of the FDI limit to 26% would make it easier for the company to raise more resources even though it already has a huge war chest of funds for expansion."

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