ICICI Direct has given Buy recommendation for Inox Leisure recommended buy rating on the stock with a target price of Rs 495 in its research rep with a target price of Rs. 495 in its research report issued on Jan 24, 2022

ICICI Direct’s research report on Inox Leisure

Inox Leisure is the second largest player in terms of multiplex screen count in India. Currently, the company operates 667 screens in 158 cinemas in 70 cities in India with an aggregate seating capacity of ~1.51 lakhs seats. It is the only national multiplex, which enjoys a net debt free balance sheet.

Outlook

We maintain BUY rating on the company. We value Inox at Rs 495 i.e. 11.5x FY24E EV/EBITDA.

More Info on Trent

At 11:52 hrs INOX Leisure was quoting at Rs 415.55, up Rs 24.25, or 6.20 percent.

It has touched an intraday high of Rs 415.55 and an intraday low of Rs 395.60.

It was trading with volumes of 14,722 shares, compared to its thirty day average of 32,177 shares, a decrease of -54.25 percent.

In the previous trading session, the share closed up 0.09 percent or Rs 0.35 at Rs 391.30.

The share touched its 52-week high Rs 466.10 and 52-week low Rs 241.90 on 08 November, 2021 and 19 April, 2021, respectively.

Currently, it is trading 10.85 percent below its 52-week high and 71.79 percent above its 52-week low.

Market capitalisation stands at Rs 5,083.80 crore.

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