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Last Updated : May 14, 2019 03:19 PM IST | Source: Moneycontrol.com

Buy Inox Leisure; target of Rs 375: Sharekhan

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.

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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.


Outlook


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


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.

First Published on May 14, 2019 03:19 pm
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