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Buy INOX Leisure; target of Rs 270: Sharekhan

10 December, 2018 11:53 AM
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Buy INOX Leisure; target of Rs 270: Sharekhan

Sharekhan is bullish on INOX Leisure has recommended buy rating on the stock with a target price of Rs 270 in its research report dated December 06, 2018.

ILL’s fund raising program from its promoters by retiring high cost debt, provides ample scope for further leverage to cost the accelerated expansion plans. Accelerated screen addition over next five years; capex would be funded through mix of debt and internal accruals. The management expects strong growth in ad revenue; F&B revenue to be driven by expanded menu and higher conversion rate.

We retain our Buy rating on INOX Leisure Ltd (ILL) with a revised PT of Rs 270.

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