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Last Updated : Jun 14, 2019 01:58 PM IST | Source: Moneycontrol.com

Buy Inox Leisure; target of Rs 390: Sharekhan

Sharekhan is bullish on Inox Leisure has recommended buy rating on the stock with a target price of Rs 390 in its research report dated June 11, 2019.

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Sharekhan's research report on Inox Leisure


Given the higher screen openings and increasing footfalls monetisation efforts, we expect revenue and earnings CAGR to be at 18% and 16% respectively over FY19-21E. We expect y-o-y growth momentum to moderate in Q1FY2020E despite Q1 being a seasonally strong quarter, owing to lower number of quality content. ATP growth rate is expected to be at high single-digit in FY2020E, while the SPH growth is likely to accelerate due to the on introduction of new menu lists and anticipated higher conversion rate.


Outlook


We retain our Buy rating on INOX Leisure Limited (ILL) with a revised PT of Rs 390.


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.




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First Published on Jun 14, 2019 01:58 pm
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