Buy Inox Leisure, target price Rs 424: ICICI Securities

Buy Inox Leisure, target price Rs 424: ICICI Securities
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Synopsis

Inox Leisure Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 2921.88 Crore) operating in Media & Entertainment sector.

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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 with a target price of Rs 424. The current market price of Inox Leisure Ltd. is Rs 258.55.

Inox Leisure Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 2921.88 Crore) operating in Media & Entertainment sector.

Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 21.51 Crore, up 361.59 % from last quarter Total Income of Rs 4.66 Crore and down -95.85 % from last year same quarter Total Income of Rs 517.76 Crore. Company reported net profit after tax of Rs -102.50 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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