INMART: Choice Institutional Equities Recommends 'BUY' with Rs 2800 Target
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Moneycontrol•21-01-2026, 10:04
INMART: Choice Institutional Equities Recommends 'BUY' with Rs 2800 Target
- •Choice Institutional Equities maintains a 'BUY' rating for INMART with a target price of Rs 2,800.
- •The valuation is based on 25x PE to the average FY27E–FY28E EPS of INR 115.
- •Improved collections momentum is noted, but subscriber churn, especially in the Silver category, remains a concern.
- •Management anticipates tangible improvements in subscriber churn by FY27E.
- •Near-term performance is expected to be driven by ARPU, with net additions recovering gradually.
Why It Matters: Choice Institutional Equities recommends buying INMART, setting a target of Rs 2,800 despite subscriber churn concerns.
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