Inox Leisure@ The Synergies will play now

Over the years Inox has grown and currently it operates 78 multiplexes and 307 screens in 42 cities as on 13 March 2014.

Market cap just around Rs 1085 crore. 

To me still its very cheap and I believe going ahead not the results but the synergies will play a great role in price appreciation. 

The multiplex has changed the complete scenario of box office collection. The demand is there so as the supply. More multiplexes coming up & I also see more merger & acquisition taking place going ahead in this industry which will unlock the premium valuation for this industry and I foresee Inox as the major beneficiary. 

We recommended it around 50 and it went on to hit 127 giving away return of over 130% in just 4 month. Again we recommended it around 88/84+- and it again went on to hit 111 in just 4 trading session giving away return of around 22-24%.

Technically as of now it has excellent support around 103 & 91 and can be bought again in parts around the cmp and at the mentioned support levels.

And on 4th Nov 2013 I have said that@  I forsee a target level of upto 200 to 350 for Inox over the next 1-2 yrs.

Its my personal assumption.

Last Closing Price Rs 107.65 (Friday)

Earlier we have recommended Inox on various occasions and have generated excellent profit in all recommendations here at this blog. One can check the label@ Inox Leisure below

Disclaimer@ I hold Inox Leisure