We remain bullish on Inox Leisure and recommend a buy at current levels of 53-51 and on any further sharp decline at around 47-45 for investment purpose. To me its very much undervalued and it deserves the much needed premium valuations which cannot be valued in terms of books of account. Its into a premium business and deserves a premium valuation.
Inox its into multiplex business & currently operates 73 multiplexes and 287 screens in 39 cities making it a truly pan-Indian multiplex chain. Inox Leisure Ltd. will continue its expansion into places like Madurai, Noida, Jalgaon, Mangalore, Manipal, Thrissur amongst others. I also foresee M&A activity happening in this sector.
In all economic condition Entertainment is a must for everyone one.
I see excellent gain over a period of time and its a personal observation.
Note: I personally hold this stock.
Inox its into multiplex business & currently operates 73 multiplexes and 287 screens in 39 cities making it a truly pan-Indian multiplex chain. Inox Leisure Ltd. will continue its expansion into places like Madurai, Noida, Jalgaon, Mangalore, Manipal, Thrissur amongst others. I also foresee M&A activity happening in this sector.
In all economic condition Entertainment is a must for everyone one.
I see excellent gain over a period of time and its a personal observation.
Note: I personally hold this stock.
Hits 51.10 as of now.
ReplyDeleteHits intraday low of 50.25 on Aug 7th. Sovfar hits high of 57 since then delivering return of around 10% so far.
ReplyDeleteHits 95
ReplyDeleteHits 95
ReplyDeleteI forsee a target level of upto 200 to 350 for Inox over the next 1-2 yrs.
ReplyDelete