0 TV18BRDCST share price target reports by brokerages below. See what is analyst's view on TV18BRDCST share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.
We expect advertising revenues to pick up drastically through FY20E on the back of increased domestic income and consumption and therefore higher capacity and willingness for ad-spending. We expect revenue to come along with spending on marketing & distribution but with new channels and other initiatives, margins are likely to pick up. We maintain a BUY rating on the stock and assign EV/EBIDTA multiple of 18x to it’s FY21 EBIDTA of INR 4784 Mn to arrive at a target price of INR 43 .
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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