The Central Government announced the reopening of cinema halls with 50 percent occupancy across the country barring the containment zones from October 15.
West Bengal Chief Minister Mamata Banerjee said that cinema halls and open-air theatres will be allowed to operate in the state from October 1.
ICICI Direct recommended hold rating on PVR with a target price of Rs 1260 in its research report dated September 15, 2020.
Prabhudas Lilladher recommended accumulate rating on PVR with a target price of Rs 1435 in its research report dated September 16, 2020.
Motilal Oswal is bearish on PVR recommended buy rating on the stock with a target price of Rs 1460 in its research report dated September 15, 2020.
Consolidated loss after tax for the quarter was Rs 226 crore as compared to a profit of Rs 18 crore during the corresponding period of last year.
The months-long COVID-19 pandemic has taken a toll on almost everything, but some sectors are clearly in the eye of the storm as the “no touch” economy has virtually jeopardized their business case. We cherry-pick some of the heavily dusted gems that can shine bright, once the crisis abates.
Harkness Screens, a global screen technology company has launched a non-coated, weatherproof outdoor screen technology in India
Earlier on July 6, the board of the PVR had approved to raise funds worth ₹300 crore by rights issues through issuance of equity shares of face value of ₹10 each on rights issue basis.
Dutta informed there won’t be any hike in ticket prices and it will be lower initially
Ample liquidity and relatively cheap valuations in the aftermath of COVID-19-led crash could have been the fillip companies needed to opt for rights issue as the preferred means of raising funds, say experts
Jupiter South Asia Investment Company offloaded 3,29,911 shares in Quick Heal Technologies at Rs 118.87 per share.
The board has fixed the rights issue price at Rs 784 per equity share.
The announcement comes at a time when star-studded ventures like Laxmmi Bomb and Sadak 2 are releasing on an OTT platform directly.
Spare a thought for the small-cap and mid-cap companies.
ICICI Direct recommended hold rating on PVR with a target price of Rs 1085 in its research report dated June 10, 2020.
Emkay Global Financial recommended hold rating on PVR with a target price of Rs 1017 in its research report dated June 09, 2020.
Motilal Oswal is bullish on PVR has recommended buy rating on the stock with a target price of Rs 1300 in its research report dated June 09, 2020.
Prabhudas Lilladher recommended accumulate rating on PVR with a target price of Rs 1131 in its research report dated June 10, 2020.
Whenever cinema halls open, they will lose peak annual occupancy of 30-38 percent which may not be achievable for both INOX and PVR due to the social distancing norms.
"Theatrical revenues still contribute more than 50 to 70 percent of the overall pie of any content and after that only you are able to monetise content better, if you go to other platforms. I think there is too much stake to give up on these revenues and plus if you go to OTT straight away, you let go off your overseas collection and music rights," said Bijli in an investor's call.
The company has reported a consolidated net loss of Rs 74.61 crore for the March quarter.