HomeNewsBusinessBuy PVR; target of Rs 1900: ICICI Direct

Buy PVR; target of Rs 1900: ICICI Direct

ICICI Direct is bullish on PVR has recommended buy rating on the stock with a target price of Rs 1900 in its research report dated October 25, 2021.

October 25, 2021 / 09:56 IST
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ICICI Direct's research report on PVR

PVR Ltd is the market leader in terms of multiplex screen count in India. Currently, it operates 855 screens in 178 cinemas in 72 cities in India and Sri Lanka with an aggregate seating capacity of ~1.81 lakhs seats. With leadership in high realisation key markets of Maharashtra/NCR, it enjoys superior ATP, SPH and advertisement compared to peers

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Outlook

We maintain BUY rating on the company We value PVR at Rs 1900 i.e. 15x FY23E EV/EBITDA