Siti Networks Ltd
SITINET

38.85

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38.80

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Reco. Price
Rs 38.15
We recommend ACCUMULATE on the stock as we expect growth in deployment of set-top box in Phase IV of digitalization. Clearances in 15 cities for digitalization and new launches will further boost revenue. Stock is trading at EV/EBITDA of 8.8x in FY17E. (Target – Rs.40.8)
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50 DMA (.)
36.78
100 DMA (.)
35.72
200 DMA (.)
36.39
Weekly Range (.)
37.00
39.65
Monthly Range (.)
36.25
39.65
52 Weeks Range (.)
28.15
41.35
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