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Reduce Balaji Telefilms, target of Rs 35: Angel Broking

Posted on: May 15th 2009 in Brokerage Recommendations.

Angel Broking has downgraded its rating on Balaji Telefilms from accumulate to reduce with a target price of Rs 35 in its May 13, 2009 research report. “Balaji Telefilms (BTL) posted a decline of 48.8% yoy in top-line (2nd consecutive quarter of decline) to Rs 49.4 crore (Rs 96.5 c…

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