Moneycontrol PRO
UPCOMING EVENT:Join us for New HorAIzon from Oct 6-7, 2pm and be a part of exciting conversations on tech & innovation
you are here: HomeNewsBusiness

Buy Wonderla Holidays; target of Rs 227: Sharekhan

Sharekhan is bullish on Wonderla Holidays has recommended buy rating on the stock with a target price of Rs 227 in its research report dated February 03, 2021.

February 09, 2021 / 10:47 PM IST
  • bselive
  • nselive
Todays L/H

Sharekhan's research report on Wonderla Holidays

Wonderla Holidays (WHL) posted revenues of Rs. 5 crore in Q3FY2021 for minimal days of operations in Bangalore (from November 9) and Kochi Park (from December 20) with permitted capacity of 50% only on weekends. Initial response was good with average visitors to the Bangalore Park standing at 1500 per day and 1,227 for the Kochi Park (some days saw 4,000-5000 visitors). With higher pent-up demand, the company expects footfalls to improve hugely in FY2022, reaching close to FY2020 levels by FY2023.


With a strong balance sheet and cash of ~Rs. 90 crore as of December, WHL is well-placed to exploit opportunities in the entertainment industry. We maintain a Hold with a revised PT of Rs. 227.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Broker Research
first published: Feb 9, 2021 10:47 pm

stay updated

Get Daily News on your Browser
ISO 27001 - BSI Assurance Mark