INSUBCONTINENT EXCLUSIVE:
Mumbai: Shares of multiplex chain operator PVR have jumped nearly 1,100 per cent over the last decade, and are trading at record high levels
According to Dalal Street analysts this blockbuster performance will continue.
Over the last five years, the shares have jumped 200 per
cent, while they have climbed 57.07 per cent and 28.23 per cent over three-year and one-year periods respectively, and are currently trading
at record Rs 2,062 on NSE.
Rival Inox Leisure has also delivered consistent performance
It has gained 53.20 per cent, 82.48 per cent, 134.23 per cent and 514.28 per cent gains over 1-year, 3-year, 5-year and 10-year period,
respectively.
PVR also received a boost after it was upgraded to a midcap stock from a smallcap stock, as per Association of Mutual Funds in
performance was good, the southern region underperformed
revenue growth going forward
Although the southern region performance was sluggish, we expect revival in Q4FY20 based on a healthy movie pipeline and new screens
rating and raised the target price to Rs 2,053 from Rs 2,013 earlier.
The brokerage said that given the expected revival in the regional
content, leadership position, and aggressive screen addition plans, it expects sales and Ind-AS adjusted Ebitda to grow at a CAGR of 16.6
Near term outlook is better for PVR (and Inox) vs
