Edelweiss Financial Services's Stock Idea
Edelweiss Financial Services is Bullish on Sun TV Network Ltd.
Idea Submitted on 16Aug,2018
  • 110 Total Ideas
  • 0 Active Ideas
  • 110 Closed Ideas
  • 0 Friends
  • 7 Followers
  • Avg. Returns
     -3.1%
    Rank
    99
    Success Rate
      39.09%
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      Idea Status :  Closed
    Stop Loss Triggered
    Idea Closed at 471 (08Jul,19 02:32:pm)
     Time Frame
    1year
     Start Price
    786.25
     Target Price
    1208
     Stop Loss
    471.75
     Projected Gain
    421.75 (53.64% Upside)
     Returns Achieved
    -315.25     -40.1%
     Analysis

    We anticipate re-rating due to the robust beat in Q1FY19 on all fronts, management salary being capped at FY18 levels and likely increase in dividend payout. Digitisation in Tamil Nadu is a key positive trigger. We retain the target multiple of 28x FY20E EPS that yields our TP of Rs 1,208. We maintain BUY/SO. At CMP, the stock is trading at 19.2X FY20E EPS.

    • Stoploss not specified.(stoploss of 40% auto inserted)

    Link to Report: READ FULL REPORT

     Stock Price Movement (EOD Basis)
     C.M.P Sun TV Network
    405
    Sentimeter
    Buy Calls: 13 Sell Calls: 9
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