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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
 
 
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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

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first published: Oct 19, 2021 10:47 am
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