Buy Hinduja Ventures; target of Rs 450: Firstcall Research

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26 Aug, 2025 12:21

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Firstcall Research's report on Hinduja VenturesHinduja Ventures in India (HVL) is the holding company of one of India’s largest integrated media companies i.e. IndusInd Media & Communications Limited ('IMCL') with an estimated 8.5 million subscribers across 36 major cities and offers over 350 channels in the digital mode. It has a backbone of over 10,000 kms of hybrid fiber optic network through which it also offers broadband services with its national ISP license. In order to achieve the full benefits of digitization nationally, now in process of being rolled out, there has been a major reorganization and strengthening of management and technology in IMCL. This is in order to position IMCL for monetizing the big opportunity of digitizing in rest of India, other than metros mandated for 2014-15. IMCL has planned new services for the digital cable foray, apart from the Broadband services like HD Services, Hybrid STBs for Cable and Internet, Value added services for Digital Cable. The Company therefore is on schedule to the deadline of 31st December, 2015 for digitalization set by the Central Government Hinduja Ventures in India reaches out to over 6 million people through customers, cable operators, employees, dealers, etc. IMCL, a part of the Hinduja Group is a pioneer in multi-system cable and broadband operator in India. It provides an easy access of new channels, movies and niche contents to the Indian market, besides offering full solution through the use of program. HVL through its wholly owned subsidiary, IndusInd Media & Communications Limited (IMCL) has already achieved the first success of digitalization. Grant Investrade Limited, a wholly owned subsidiary of the company has applied for and has been granted a license to install Headend-In-The-Sky (HITS) technology through which a rapid digitization of cable network throughout India can be achieved. GIL has also undertaken marketing efforts through signing up of cable operators for availing the HITS services. HVL’s real estate projects continue to hold 47 acres in Bangalore and through its wholly owned subsidiary IDL Speciality Chemical Limited holds 4.75 acres land in Hyderabad.We expect that the company surplus scenario is likely to continue for the next three years, will keep its growth story in the coming quarters also. We recommend ‘BUY’ in this particular scrip with a target price of Rs.450.00 for Medium to Long term investment.For all recommendations, 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.

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