Hold PVR, advises Prakash Diwan

Prakash Diwan of Altamount Capital Management told CNBC-TV18, "One of the reasons why this spike in PVR has been quite sudden is because nobody expected to do so well. We need to figure out how the fortunes of a company can change because of movie but the other interesting part is all the screen, all the exhibitors are actually going to benefit quite a bit in the next three-four months. The kind of slew of releases that you have is drawing a lot of this thing and still they have managed to have pricing power which is commendable."

"So, look at Inox, look at PVR; Inox is slightly better valued relatively because it hasn’t yet gone over but PVR at this level is not going to give great risk reward but it is still worth holding for people who owns it," he said.