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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
 
 
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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


Outlook


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


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first published: Aug 10, 2021 11:41 am

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