Den Networks Ltd
DEN

96.95

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96.20

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Reduce
Reco. Price
Rs 99.20
We recommend REDUCE on expectations of drop in subscribed channels and possible entry of Jio into DTH services. We expect losses to continue in FY18E impacted by revenue de-growth. The stock is trading at EV/EBIDTA of 6.9x on FY18E earnings. (Target Price - Rs.90)
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50 DMA (.)
85.29
100 DMA (.)
79.62
200 DMA (.)
79.77
Weekly Range (.)
87.55
105.00
Monthly Range (.)
80.20
105.00
52 Weeks Range (.)
59.60
105.00
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