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Budget 2021

Associate Partners:

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Moneycontrol

Budget 2021

Associate Partners:

  • SMCSamsungVolvo
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Buy Sun TV; target of Rs 575: Dolat Capital

Dolat Capital is bullish on Sun TV has recommended buy rating on the stock with a target price of Rs 575 in its research report dated August 18, 2020.

August 31, 2020 / 12:46 PM IST
 
 
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Dolat Capital's research report on Sun TV


Sun TV maintains a dominant position in the southern states as one of the largest television and radio entertainment company with a portfolio of TV channels spread across four languages and in genres of GEC, news, music, action, life, movies, kids and comedy. It also has a large pan India network in the FM Radio broadcasting segment along with its subsidiaries. It continues to consolidate its leadership position by fortifying its hold over key aspects of pricing and content.


Outlook


SUTV is currently trading at an attractive 14.7/12/11x FY21/22/23E EPS with attractive dividend yield of ~4% with strong BS (C&CE at ~16% of Mcap) and leadership position in Southern markets. We have a BUY with TP of Rs 575 @ 14x Jun-22E EPS.


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.

Broker Research
first published: Aug 31, 2020 12:46 pm

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