Market Dashboard
BSE Code: | NSE Code: | ISIN: | Sector:
| Change | Change % |
| -0.65 | -0.83% |
Updated:23 Apr, 2018, 15:56 PM IST |
|
| Change | Change % |
| -0.80 | -1.02% |
Updated:23 Apr, 2018, 16:01 PM IST |
|
Research Report Detail
| Brokerage Analyst |
Report Date | Call | Price@Call | Target Price Stop Loss |
Current Status | Time Horizon |
|---|---|---|---|---|---|---|
| Motilal Oswal N/A |
25-09-2017 | Buy | 76.40 | 106.00 N/A |
Open | Long (1Y) 25-09-2018 |
Motilal Oswal maintains buy on Dish TV India
We believe
merger synergies are not fully captured in valuations. DITV is valued at
an EV of 6.4x FY19E merged EBITDA of INR24.4b, excluding synergies. The
stock is trading at an EV of 5.8x FY19E and 4.5x FY20E EBITDA if we
factor merger synergies of INR2.4b in FY19 and INR4b in FY20
(significantly lower than the management's expectation of INR5.1b
synergies in FY19). We remain positive on DITV, with a TP of INR106 (8x
FY19E EBITDA of INR26.8b including merger synergies of INR2.4b).
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