With the Omicron-led third COVID-19 wave ebbing in most parts of the country, analysts are placing their bets on hospitality and entertainment sector stocks. Among them is Karan Taurani, the senior vice-president at Elara Capital, who has sounded bullish on the prospects of Inox Leisure, PVR and Jubilant FoodWorks.
Cinemas, in particular, will witness an acutely sharp recovery, Taurani suggested. "March onwards, we will see normalcy most states as restrictions are to be further relaxed. As we speak right now, 35-40 percent of the box office has opened with 100 percent occupancy. Maharashtra and Delhi are keen markets. If they open up with 100 percent occupancy, then close to 80 percent of all box offices will be open," he said on February 23, while speaking to CNBC TV18.
Frequency of film releases will also go up in the near future, as compared to the past 18-20 months when only two or three major Hindi films have hit the box offices, the analyst pointed out.
"From March-April onwards, we will probably see 10-12 large Hindi films coming to the box office," he said.