PVR may see Rs 450-500 in a year: Thununguntla

Jagannadham Thununguntla, SMC Global feels that PVR may see price between Rs 450 and Rs 500 in a year.

Thununguntla told CNBC-TV18, “PVR may get a big rerating because there is not much leverage the stock is still reasonably valued. At least a 25 PE multiple is reasonable on PVR considering that it is more like Jubilant Foodworks because it concentrates on the urban metro city consumption advantage. It will not be surprising if we see stock price between Rs 450-500 in a year.” He further added, “BHEL is a decent stock. But if somebody wants to make a fresh buying I don’t recommend BHEL, probably even in the same space Larsen and Toubro (L&T) sounds much better than BHEL.