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Jainam Research recommend to 'Avoid' the GTPL Hathway IPO - IndiaNotes.com
Jainam Research recommend to 'Avoid' the GTPL Hathway IPO
Jainam Research | Published: 21 Jun, 2017  | Source : IndiaNotes.com


We at Jainam Wealth recommend our investors to “AVOID”  the GTPL Hathway Ltd IPO considering high capital intensive nature of business, highly competitive industry, dependency on broadcasters for the right to telecast channels, inconsistency in generation of net profit in last 5 years, TRAI introduced new tariff policy and is also going to auction 700 MHz wireless band which can be affected to the business adversely. Company available at P/E of 29x on FY17 EPS on upper price band.

 

Price Band Rs.167 - 170. Issue open on 21st June and close to 23rd June. Market Lot 88 Shares.




About Jainam Research

Jainam Research was incorporated in 2003 with the vision to be the most preferred organization providing all financial services across the country. The foundation is on "Value" Systems - "Value" addition to Corporate, Retails and HNI Individuals through superior Wealth Creation Practices.

 

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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.