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    Buy Inox Leisure, target price Rs 424: ICICI Securities

    Synopsis

    Inox Leisure Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 2901.62 Crore) operating in Media & Entertainment sector.

    Promoters held 51.90 per cent stake in the company as of March 31, 2020, while FIIs held 12.2 per cent, DIIs 20.7 per cent and public and other 15.2 per cent.

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    ICICI Securities has buy call on Inox Leisure with a target price of Rs 424. The current market price of Inox Leisure Ltd. is Rs 282.2.

    Inox Leisure Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 2901.62 Crore) operating in Media & Entertainment sector.

    Financials
    For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs .36 Crore, up 44.00 % from last quarter Sales of Rs .25 Crore and down -99.93 % from last year same quarter Sales of Rs 519.94 Crore Company reported net profit after tax of Rs -67.83 Crore in latest quarter.

    Promoter/FII Holdings
    Promoters held 51.90 per cent stake in the company as of March 31, 2020, while FIIs held 12.2 per cent, DIIs 20.7 per cent and public and other 15.2 per cent.
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