Thursday 13 November 2008

Buy Sun TV, target of Rs 220: KRChoksey

KRChoksey Research has recommended a buy rating on Sun TV Network with a target price of Rs 220 in its November 11, 2008 research report. "On Y-o-Y basis, advertising revenue (including radio business) and broadcast fee (Time slot model) grew 30% to Rs 136.0 crore and Rs 39.0 respectively. We recommend a BUY with a target price of Rs 220 representing an upside potential of 37% from current levels. At target price, the stock valued at 19.6x FY09E EPS of Rs 11.2," says KRChoksey's research report.

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Source: Moneycontrol

Posted by Harsh at 07:25

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