Nooresh Merani of AMSEC told CNBC-TV18, "Technically PVR has been in an uptrend and has never given a dip. Similar is the case with Cinemax because it is going to get merged."
"INOX Leisure has given a fresh breakout today, so may be we could be looking towards Rs 120 in the medium term. That is an interesting stock, but overall we may wait for dips to buy into this sector because the risk reward is not really favourable at this point," Merani said.
On December 02, 2013 INOX Leisure closed at Rs 102, up Rs 10.50, or 11.48 percent. It touched a 52-week high of Rs 107.20.
The company's trailing 12-month (TTM) EPS was at Rs 1.12 per share. (Sep, 2013). The stock's price-to-earnings (P/E) ratio was 91.07. The latest book value of the company is Rs 52.71 per share. At current value, the price-to-book value of the company was 1.94.
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