Den Networks Ltd
DEN

80.55

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Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

79.80

Open ()
Turnover (lac)
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Reduce
Reco. Price
Rs 81.00
We recommend REDUCE as net losses are expected to continue in FY18E due to high depreciation acting as drag on profitability. Also, increasing market share of Jio will have negative impact on company's bottomline. The stock looks overvalued at FY18E EV/ EBITDA of 12.7. (Target Price - Rs.75.7)
Detailed View
50 DMA (.)
83.90
100 DMA (.)
76.73
200 DMA (.)
79.56
Weekly Range (.)
80.15
83.80
Monthly Range (.)
78.80
85.70
52 Weeks Range (.)
59.60
103.55
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