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.
ILLâ€™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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