ICICI Direct is bullish on GTPL Hathway recommended buy rating on the stock with a target price of Rs 95 in its research report dated July 17, 2020.
Revenue of the company increased 114 percent at Rs 674 crore against Rs 314.5 crore in the same quarter last year.
At operating level, EBITDA increased 38 percent to Rs 115.6 crore compared to year-ago
RIL on October 17 announced that it will buy majority stakes in Den Networks Ltd and Hathway Cable and Datacom Ltd for Rs 5,230 crore, a move aimed at becoming the largest player in the broadband as well as the cable TV and direct-to-home market.
JM Financial is bullish on GTPL Hathway has recommended buy rating on the stock with a target price of Rs 200 in its research report dated August 13, 2018.
JM Financial is bullish on GTPL Hathway has recommended buy rating on the stock with a target price of Rs 225 in its research report dated May 28, 2018.
JM Financial is bullish on GTPL Hathway has recommended buy rating on the stock with a target price of Rs 225 in its research report dated February 15, 2018.
Its net profit stood at Rs 7.6 crore in the year-ago period, the Ahmedabad-based company said in a regulatory filing.
GTPL Hathway's Q1 numbers were in line with estimates. In an interview to CNBC-TV18, Piyush Pankaj, Head-Investor Relations of the company spoke about the results and his outlook for the company.
The GTPL Hathway stock was under pressure on Friday on fears of competitive technology from Reliance Jio. In an interview to CNBC-TV18, Aniruddhasinhji Jadeja, Promoter & MD of GTPL Hathway spoke about the latest happenings.
The stock had a tepid listing as it opened with a loss of more than 1 percent against issue price of Rs 170 on the National Stock Exchange.
The listing price was on expected lines due to tepid response to its public issue and the grey market also indicated gains of Rs 3-5 on debut.
Experts feel the listing price is likely to be around its issue price, given the tepid response to the public issue and grey market premium of around of Rs 2-4 over the IPO price.
The IPO received bids for 3,08,57,728 shares against the total issue size of 2,02,15,966 shares, data available with the NSE showed.
The IPO received bids for 2,87,33,232 shares against the total issue size of 2,02,15,966 shares, data available with NSE till 1545 hours showed.
The portion set aside for qualified institutional buyers (QIBs) was subscribed 69 per cent, non-institutional investors 15 per cent and retail investors 36 per cent.
Given GTPL's weak fundamental performance, competitive intensity and high valuation, the research house recommended investors to avoid the IPO, Centrum said.