Friday 7 November 2008

Buy INOX Leisure, target of Rs 63: Nirmal Bang

Nirmal Bang has maintained its buy rating on INOX Leisure with a target price of Rs 63 in its research report. "Inox declared its Q2FY09 results which were in line with our expectations on the revenue front. The company reported revenues of Rs 60.0 crore which were in line with our expectations, as against Rs 54.2 crore in Q2FY08 i.e. 10.7% rise YoY basis and Rs 51.9 crore in Q1FY09, a 15.5% rise on QoQ basis. We reiterate our BUY rating on the stock lowering our price target due to slowdown in the economy as a whole, to Rs 63 per share with a long term view," says Nirmal Bang's research report.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Source: Moneycontrol

Posted by Harsh at 07:39

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)
DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.