Moneycontrol PRO
UPCOMING EVENT:Are you 45+? Planning for retirement? We have just the right webinar for you - Planning for Retirement with Life Insurance on 27-Jan, 3pm. Register now!

Buy INOX Leisure; target of Rs 547: Edelweiss Securities

Edelweiss Securities is bullish on INOX Leisure has recommended buy rating on the stock with a target price of Rs 547 in its research report dated December 07, 2021.

December 08, 2021 / 03:20 PM IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Edelweiss Securities' report on INOX Leisure


We recently met Mr. Siddharth Jain, Director (and promoter), and Mr. Alok Tandon, CEO, of INOX Leisure. If there is no serious wave 3 of covid, then INOX Leisure is set for a strong recovery aided by pent-up demand and a large pipeline of major movies. Meanwhile, the balance sheet can support expansion. Some of its initiatives such as refreshing food and beverage offerings with a new menu and partnerships with ITC and delivery & reservation apps along with screening of alternative content would help the brand evolve from just a film exhibitor to a more integral part of consumer lifestyle.



Outlook


We remain upbeat on INOX’s structural story; retain ‘BUY’ with a TP of INR547. Covid wave 3 remains a key risk and variable to watch out for.

Close

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.

Broker Research
first published: Dec 8, 2021 03:20 pm

stay updated

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