Moneycontrol PRO
UPCOMING EVENT:Know how Global Investing can be spread beyond the US markets by joining an engaging webinar on November 30, 11:30 a.m.
you are here: HomeNewsBusiness

Hold GTPL Hathway: target of Rs 275: ICICI Direct

ICICI Direct recommended hold rating on GTPL Hathway with a target price of Rs 275 in its research report dated October 19, 2021.

October 19, 2021 / 10:47 AM IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

ICICI Direct's research report on GTPL Hathway


GTPL Hathway (GTPL) is a leading MSO (No. 2 in terms of subscribers) offering cable television (CATV) and broadband services with a strong presence in Gujarat (No. 1), West Bengal (No. 2) and 13 other states. Expansion into new states and digitisation has led to strong topline and earnings growth of ~27% and ~86% CAGR, respectively over FY16-21


Outlook


Given the sharp run up (up 108% in last six months), we maintain HOLD We value GTPL at Rs 275 i.e. 15x FY23E P/E


For all recommendations report, click here

Close

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: Oct 19, 2021 10:47 am

stay updated

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