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Buy PVR; target of Rs 2240: ICICI Direct

ICICI Direct is bullish on PVR has recommended buy rating on the stock with a target price of Rs 2240 in its research report dated May 10, 2022.

May 12, 2022 / 04:06 PM 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 854 screens in 173 cinemas in 74 cities in India and Sri Lanka with an aggregate seating capacity of ~1.79 lakhs seats. With leadership in the high realisation key markets of Maharashtra/NCR, it enjoys superior ATP, SPH and advertisement than peers.

We maintain BUY rating on the company. We value PVR at Rs 2240 i.e. 15x FY24E EV/EBITDA.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.


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Broker Research
first published: May 12, 2022 04:06 pm
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