INOX LEISURE is into multiplex and currently ranks 2nd in India after Big cinemas post Fame cinemas acquisition. With 41 multiplexes, 155 screens in 26 cities I believe its the most undervalued stock which is currently trading at odd 48 bucks.The issue came back around in 2006 at Rs 120. It had around 8-9 multiplexes at time of IPO.
It was over subscribed by many times and post listing it went on to touch high of Rs 250 approx. Since its IPO it has very much grown in size,assets & everything. Its into a premium industry and is likely to get a big premium going ahead is what I feel. Its a subsidiary of Gujarat Flurochemicals Ltd which hold around 67% stake in it, around 4% held by Reliance Capital.
I believe going ahead someone or the other will definitely like to have a slice of stake in INOX which might take it to much higher levels and going ahead could give excellent returns.
INOX LEISURE had no doubt bought a revolution in the multiplex industry and for entertainment a visit to INOX becomes a point.
Have a look at it??? It becomes a buy at CMP and more only on 20-25% decline is so happens.
Disclaimer: Its safe to assume that I've personal interest in the stock mentioned above. I myself hold this stock.
It was over subscribed by many times and post listing it went on to touch high of Rs 250 approx. Since its IPO it has very much grown in size,assets & everything. Its into a premium industry and is likely to get a big premium going ahead is what I feel. Its a subsidiary of Gujarat Flurochemicals Ltd which hold around 67% stake in it, around 4% held by Reliance Capital.
I believe going ahead someone or the other will definitely like to have a slice of stake in INOX which might take it to much higher levels and going ahead could give excellent returns.
INOX LEISURE had no doubt bought a revolution in the multiplex industry and for entertainment a visit to INOX becomes a point.
Have a look at it??? It becomes a buy at CMP and more only on 20-25% decline is so happens.
Disclaimer: Its safe to assume that I've personal interest in the stock mentioned above. I myself hold this stock.
TECHNICAL VIEW@ STRONG RESISTANCE AT 55/57, CONTINUOUS CLOSING ABOVE THE MENTIONED LEVEL COULD MAKE IT FURTHER STRONG ELSE LIKELY TO TRADE IN RANGE.
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