Ajcon Global has recommended buying Eros International with a price target of Rs 350.
"We believe the Group's recent tie up with HBO Asia, the regional pay TV leader to launch two new premium advertising-free movie channels, HBO DEFINED and HBO HITS, in India to augur well for the company. In addition, its marketing efforts at the Cannes film festival is expected to open new markets for its films, which will progressively unlock the value of the film library. EIML is a major beneficiary of the opportunity present in Indian Media and Entertainment sector. With due consideration to factors like a) strong slate of movies, b) rights of over 1,100 films, c) unique and derisked business model, d) end to end distribution network, e) strong regional presence, f) television syndication strategy to augur well for the company, g) Clear visibility of revenues for television and music for next two years through pre-licensing underpinning the significant portion of slate cost and minimizing the overall risk profile, h) tie up with Warner Brothers to substantially contribute to bottomline, we strongly recommend to accumulate the stock at this Floor Price with a target Price of Rs. 350," Ajcon Global has said in its research report.
Fairwealth Institutional Research has recommended buying Gitanjali gems with a price target of Rs 680.
"Robust business model and strong margin performance to evoke high valuations. The jewellery sector is one of the fastest growing in the country and is expected to grow at ~20% annually over the next few years. . At CMP of Rs 484.3, GGL is trading at 8.4x TTM EPS and at 1.7x BV which is highly discounted when compared to peer companies. Hence we recommend a BUY rating for the stock with a target price of Rs 680 in 12 months," Fairwealth has said in its research report.