BSE Code: | NSE Code: | ISIN: | Sector:

NSE
68.95
Change Change %
-2.25 -3.16%

Updated:23 Oct, 2017, 15:59 PM IST

BSE
68.85
Change Change %
-2.40 -3.37%

Updated:23 Oct, 2017, 15:54 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).

Market Data provided by © Accord Fintech. © Copyright NDTV Convergence Limited 2017. All rights reserved.