Its promoters Ajay Bijli, Sanjeev Kumar Bijli, Niharika Bijli and eight others have been booked under relevant sections of the IPC for selling stocks at inflated value of Rs 820 crore illegally and causing loss to Gurgaon-based real estate companies.
Motilal Oswal is bullish on PVR has recommended buy rating on the stock with a target price of Rs 1640 in its research report dated October 29, 2017.
Edelweiss is bullish on PVR has recommended buy rating on the stock with a target price of Rs 1516 in its research report dated October 27, 2017.
PVR posted a good set of earnings in Q2 as EBITDA and profit after tax beat estimates. In an interview to CNBC-TV18, Nitin Sood, CFO of PVR spoke about the results and his outlook for the company.
The company had posted a net profit of Rs 29.13 crore during the same period previous fiscal, PVR Ltd said in a regulatory filing.
Revenue during the quarter is seen rising 1.8 percent to Rs 564 crore compared with Rs 554 crore in year-ago quarter, according to average of estimates of analysts polled by CNBC-TV18.
According to the PVR Chairman, while smaller movies can get released on new digital platforms, the big banner productions will continue to need big screens
Net Sales are expected to increase by 0.7 percent Y-o-Y (down 12.3 percent Q-o-Q) to Rs. 558 crore, according to Edelweiss.
PVR has launched PVR Privilege, a loyalty program to improve customer stickiness and drive up footfalls.
The loyalty program offers its members redemption opportunities and enhanced benefits, the company said in a statement.
Ashwani Gujral of ashwanigujral.com recommends buying Prestige Estates, MOIL, TVS Motor, Kotak Mahindra Bank and Bata India.
Ashwani Gujral of ashwanigujral.com recommends buying Deepak Fertilizers, Kolte Patil Developers and PVR.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy IndusInd Bank and PVR while he feels that Trident may test Rs 135.
The brand is also upbeat about their offerings in F&B.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Motilal Oswal and Uflex and feels that Sun TV should move towards Rs 940.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy NMDC and hold Adani Ports and Special Economic Zone while can sell PVR and Ajanta Pharma and avoid Lupin.
Mitessh Thakkar of mitesshthakkar.com recommends selling Dish TV and Glenmark Pharma and advises buying HDFC Bank, Larsen and Toubro and PVR.
Prakash Gaba of prakashgaba.com is of the view that crucial support for the Nifty is at 9840 and the resistance is at 10005-10050. Bank Nifty on the other hand has support at 24100 and resistance at 24511.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Indocount Industries and buy PVR and GE Shipping.
Edelweiss is bullish on PVR has recommended buy rating on the stock with a target price of Rs 1507 in its research report dated 06 September 2017.
Motilal Oswal's 13th Annual Global Investor Conference kicks off today. Over 150+ leading corporates are attending it. In an interview to CNBC-TV18, Nitin Sood, CFO of PVR spoke about the latest happenings in his company and sector from the side-lines of the conference.
According to Mitessh Thakkar of miteshthacker.com, one can buy Equitas Holdings and PVR.
Ashwani Gujral of ashwanigujral.com suggests buying Bata India, Dewan Housing Finance and Apollo Hospitals and advises selling PVR.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Ajanta Pharma and PVR and buy Delta Corp.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell PVR and Bank of Baroda and buy Bharti Airtel and Ashok Leyland while one may hold ICICI Bank.