Siti Networks Ltd
SITINET

37.60

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37.60

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Accumulate
Reco. Price
Rs 38.00
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 Price – Rs.41)
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50 DMA (.)
38.11
100 DMA (.)
36.62
200 DMA (.)
36.77
Weekly Range (.)
37.60
38.85
Monthly Range (.)
36.55
41.00
52 Weeks Range (.)
28.15
41.35
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