530.00 3.80 (0.72%)
NSE Feb 21, 2019 15:31
Volume: 3,433
 

530.00
0.72%
HDFC Securities
Reiterate faith. Maintain BUY with revised TP of Rs 632 @ 25x Dec-20E P/FCFE. In 3QFY19, ENIL reported healthy 36% revenue growth. Radio revenue (FCT) grew by 25%. Non FCT (~40% of revenue) growth excluding international concerts (loss making) was up by 12%. ENIL has consistently failed to register for several quarters either on revenue growth and/or margin. It even guides muted revenue growth in near term. This is despite impending election which will boost radio advertising. ENIL attributes weak outlook to slowdown in auto, e-commerce, real estate sectors etc.
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Entertainment Network (India) Ltd. has lost -25.87% in the last 6 Months
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