Buy PVR Ltd., target Rs 1350.0 : UBS

UBS has Buy call on PVR Ltd. with a target price of Rs 1350.0. The current market price of PVR Ltd. is 1240.0. Time period given by analyst is year, when PVR Ltd. price can reach defined target. The risk-reward profile remains attractive and it looks like the company is at the inflection point. PVR is generating free cash flow and deleveraging swiftly which is a positive sign. GST implementation should be positive for sentiment in the near-term assuming a GST rate of 18 per cent said the UBS note. There could be upside of 12 per cent to 25 per cent to FY18E EPS on GST. The F&B provides growth and stability to earnings and there is further room for upside surprise.