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Tune in on 17th July for the Small Business Virtual Summit with Cisco. Register now!
Last Updated : Feb 13, 2020 12:50 PM IST | Source: Moneycontrol.com

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.

Broker Research @moneycontrolcom
 
 
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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


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 Feb 10, 2020 03:46 pm
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