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Buy Eros International Media; target of Rs 101: Dalmia Securities

Dalmia Securities is bullish on Eros International Media has recommended buy rating on the stock with a target price of Rs 101 in its research report dated October 29, 2018.

November 05, 2018 / 01:18 PM IST
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Dalmia Securities's research report on Eros International Media

Eros International Media Ltd (Eros) was established in 1994 and is the Indian subsid-iary of the NYSE listed Eros International Plc (Eros Plc). Eros has over the years built up a 2000+ Film Library across various genres, generations and languages like Hindi, Tamil, Telugu, Kannada, Marathi, Bengali, Malayalam and Punjabi. Eros delivers strong Q2 FY19 results post weak Q1 FY19 numbers; PAT margins expand on the back of other income.


At CMP, the share is trading at EV/EBITDA of 2.0x and PE of 2.0x FY20E EPS. Cur-rently, stock is trading at ~78% discount to 5 year average PE. We recommend a BUY on Eros with a target price of INR 101, based on 3x FY20E EPS implying 41% return from current levels.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Broker Research
first published: Nov 5, 2018 01:18 pm

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