Ventura Securities report on UFO Moviez India
Since our initiating coverage on UFO Moviez India Ltd (UMIL) the stock had touched ~INR 174 (from initiation price of 112) and is currently ~19% up from initiation price. Despite the rally we believe that there is still significant upside potential that warrants a relook.
Outlook
We re-initiate with a BUY coverage for a price target of INR 214 per share (22x FY27E net earnings) representing an upside of 61% upside from the CMP of INR 133.
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.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
