Rohit Dokania, Ananlyst â€“ Media & Entertainment of IDFC Securities says that the third quarter may not be great for multiplexes due to demonetisation.
Demonetisation move is likely to impact multiplexes more, believes Rohit Dokania, Ananlyst – Media & Entertainment of IDFC Securities.
Speaking to CBC-TV18, Dokania said that content interruption is unlikely as only small payments happen in cash.
The third quarter may not be great for multiplexes due to demonetisation. A 20-30 percent impact is expected, Dokania said, adding that some recovery could happen in the first week of December.
Print companies could see some impact while the broadcast companies will be least impacted.
Dokania’s top picks include Zee Entertainment which has corrected a bit. The company is likely to see a sharp increase in earnings to the extent of 25 percent plus.
PVR will see a weak Q3 due to demonetisation. However, Goods & Services Bill will be a great positive for the company. Dokania expects GST to push PVR’s margins by 300-500 basis points.
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