Anand Rathi - Cinemax

Anand Rathi feels that Cinemax India Ltd. with its core focus on the filmed exhibition segment is well poised to tap the exponential growth in the Indian entertainment market. As per their estimates, the topline and bottomline is expected to grow at a CAGR of 71% and 76% between FY07 - FY10 respectively. They initiate coverage on the stock with a BUY rating and a price target of Rs 174 implying an upside of 31%.