Thursday, June 5, 2008

Stock Idea: PVR

Prabhudas Lilladher has maintained its buy rating on PVR with a target price Rs 318 in its June 3, 2008 research report. "PVR’s Q4FY08 results exceeded our expectations. Revenue for the quarter grew by 32.9% YoY to Rs 543 million. PVR reported impressive full year numbers. Its consolidated revenue for the year grew by 49.7% to Rs 2659 million. Operating profit margins expanded by 298 bps. Consequently, PAT grew by a whopping 112.2% to Rs 216 million."
"PVR is emerging as a strong entertainment conglomerate with complete integration across the entire film value chain and entry into exhibition related retail entertainment businesses. We expect PVR’s existing business to report revenue and profit to grow at 48% and 70% CAGR respectively over FY07-10. At the current market price of Rs 174, PVR is trading at 12.7x FY09 and 8.4x FY10 earnings. We expect the company’s valuations to be re-rated as it aggressively scales-up its new ventures. We maintain BUY rating on the stock," says Lilladher's research report.

Posted by at

Disclaimer

The information in this publication is provided by http://www.moneybazzar.blogspot.com/ is intended for use for Readers & Traders . Every effort is made to provide accurate information, but http://www.moneybazzar.blogspot.com/ cannot guarantee the accuracy of the information or of the market analysis. This is a newsletter and is for informational purposes only. It is not a solicitation or offer to buy or sell futures. There is a high risk of loss in trading futures. You should not trade with money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this newsletter. The past performance of any trading system or methodology is not necessarily indicative of future results.



free counter