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Buy Inox Leisure: target of Rs 470: Sharekhan

Sharekhan is bullish on Inox Leisure has recommended buy rating on the stock with a target price of Rs 470 in its research report dated October 22, 2021.

October 25, 2021 / 14:47 IST
     
     
    26 Aug, 2025 12:21
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    Sharekhan's research report on Inox Leisure

    Staggered re-opening of cinema halls after July 2021 and absence of big releases resulted in a washout Q2; Inox successfully negotiated rent and CAM for 86% of properties. We expect a gradual recovery in H2FY2022 as Maharashtra allowed re-opening of cinema halls, new content pipeline remains strong and as the festive season lies ahead. Partnership with ITC to introduce a re-defined innovative F&B experience and associations with food-delivery and table reservation platforms would help boost revenue growth.


    Outlook

    We maintain Buy on Inox Leisure Limited with an unchanged PT of Rs. 470, given strong pent-up consumer demand, a strong line-up of fresh content, and re-opening of cinema halls in Maharashtra.

    For all recommendations report, click here

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    Broker Research
    first published: Oct 25, 2021 02:47 pm

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