Buy Music Broadcast; target of Rs 450: Dolat Capital

Dolat Capital is bullish on Music Broadcast has recommended buy rating on the stock with a target price of Rs 450 in its research report dated August 31, 2018.

Broker Research

September 18, 2018 / 13:09 IST

26 Aug, 2025 12:21

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Dolat Capital's research report on Music Broadcast

MBL reported revenue growth of 9.9% YoY in FY18 to ` 2982mn which includes revenue from exchange of services of ` 196 as on 31st March, 2018 as compared to ` 150 mn as on 31st March 2017. EPS increased to ` 9.1 compared to ` 6.4 in FY17.

Outlook

We largely maintain our estimates and our BUY recommendation rollover to Sep’19 target price of ` 450 based on 16x one-year fwd. EV/EBITDA.

For all recommendations report, click here

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Broker Research

first published: Sep 3, 2018 03:47 pm

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