Sharekhan is bullish on Inox Leisure has recommended buy rating on the stock with a target price of Rs 375 in its research report dated May 13, 2019.
Sharekhan's research report on Inox Leisure
ILL reported the strongest ever revenue growth in Q4FY2019 defying seasonal weakness, led by 43% growth in footfalls and solid execution in key metrics. Strong operating cash along with strong balance sheet (net debt free status) would help the company to add screens at a faster pace. Focus on execution and improving portfolio premiumisation would drive the ad and F&B growth going ahead.
We retain our Buy rating on the stock of INOX Leisure Limited (ILL) with a PT of Rs 375 given its improving footfalls monetisation.
For all recommendations report, click here
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