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Buy INOX Leisure; target of Rs 270: Sharekhan

Sharekhan is bullish on INOX Leisure has recommended buy rating on the stock with a target price of Rs 270 in its research report dated December 06, 2018.

December 10, 2018 / 05:23 PM IST
 
 
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Sharekhan's research report on INOX Leisure


ILL’s fund raising program from its promoters by retiring high cost debt, provides ample scope for further leverage to cost the accelerated expansion plans. Accelerated screen addition over next five years; capex would be funded through mix of debt and internal accruals. The management expects strong growth in ad revenue; F&B revenue to be driven by expanded menu and higher conversion rate.


Outlook


We retain our Buy rating on INOX Leisure Ltd (ILL) with a revised PT of Rs 270.


For all recommendations report, click here


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first published: Dec 10, 2018 05:23 pm

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