Management remains confident that impactful movie content would pull audiences back to cinemas. The box-office success of Master amid COVID-19 has provided the hope among film producers to release big-ticket movies. Selected big-budgeted movies being released in next 2-3 months will have higher distributor revenue shares and lower window period restriction to release in OTT platforms. At least two big-starrer movies are being released in coming month of 2021. Though near-term challenges are likely to persist amid COVID-19, we do not see any material structural impact including change in consumer behavior from COVID-19. Hence, we model strong recovery in FY2022E.
OutlookWe maintain Buy on Inox Leisure Limited (Inox) with an unchanged price target (PT) of Rs. 400, given encouraging content pipeline and anticipated benefit from the closure of single screens.
For all recommendations report, click hereDisclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
Read More
