Buy Inox Leisure; target of Rs 365: ICICI Direct
ICICI Direct is bullish on Inox Leisure has recommended buy rating on the stock with a target price of Rs 365 in its research report dated August 04, 2021.
August 10, 2021 / 11:41 AM IST
ICICI Direct's research report on Inox Leisure
Inox Leisure is the second largest player in terms of multiplex screen count in India. Currently, the company operates 648 screens in 153 cinemas in 69 cities in India with an aggregate seating capacity of ~1.47 lakhs seats. It is the only multiplex, which enjoys a net debt free balance sheet
We upgrade the stock from HOLD to BUY rating We value Inox at Rs 365 i.e. 10.5x FY23E EV/EBITDA
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies 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.