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Buy Inox Leisure target of Rs 500: Sharekhan

Sharekhan is bullish on Inox Leisure has recommended buy rating on the stock with a target price of Rs 500 in its research report dated February 07, 2020.

February 13, 2020 / 12:50 PM IST
 
 
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Sharekhan's research report on Inox Leisure


Given healthy content pipeline and increasing footfalls monetisation efforts, we expect a revenue CAGR of 17.4% over FY2019-FY2022E. Screen additions set to accelerate in 2021E; Management expects advertisement revenue growth to come back to normalcy from Q4FY2020. Strong revenue growth led by healthy growth in footfalls, strong growth in F&B and higher revenue from convenience fees; margins remained ahead of our estimates.


Outlook


We retain our Buy rating on INOX Leisure Limited (ILL) with revised PT of Rs. 500.


For all recommendations report, click here


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Broker Research
first published: Feb 10, 2020 03:46 pm

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