Entertainment Network (India) Ltd
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838.45

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

840.00

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Turnover (lac)
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Day's Vol.(shares)
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Accumulate
Reco. Price
Rs 840.00
We recommend an ACCUMULATE on the stock due to acquisition of 4 radio channels and entry into Tier III cities. Additionally, a newly launched channel - Mirchi Jingle is expected to boost revenue by 17%. Stock is trading at FY17E P/E of 43.2x. (Target Price – Rs.921)
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50 DMA (.)
785.22
100 DMA (.)
771.50
200 DMA (.)
757.52
Weekly Range (.)
768.00
843.00
Monthly Range (.)
765.00
843.00
52 Weeks Range (.)
620.00
905.00
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