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May 17, 2023 10:12 AM IST Margins and occupancy will take time to stabilise because of the increasing popularity of OTT platforms
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May 16, 2023 09:49 PM IST After experiencing a threefold increase in losses in Q4, PVR-Inox has announced its decision to shut down 50 screens across the country within the next six months. The company has also put its expansion plans on hold, citing the screens' unprofitability or their location in malls that have reached the end of their life cycle. Consequently, reviving these screens was deemed unfeasible. However, the entertainment industry as a whole continues to face challenges, with multiplex owners struggling to attract sufficient occupancy post-COVID. Furthermore, the industry has witnessed a decline in the number of Hollywood releases, while the demand for OTT platforms has increased, altering movie-goers' preferences.
- May 16, 2023 03:39 PM IST
Indian markets slipped in trade despite favourable domestic inflation data and persistent foreign institutional buying in equities. Nifty dipped below the 18,300 mark intraday. Nandita Khemka & Yatin Mota discuss the newsmakers on their radar including PVR.
- May 16, 2023 09:10 AM IST
Will bank nifty scale fresh highs in the trading session today? Bharti Airtel, PvR Inox, Coromandel and Berger Paints are on the earnings radar. Catch @onlynickey in conversation with Sudeep Shah-Deputy Vice President - Head - the Technical & Derivatives Research Desk with SBI Securities and Hemang Jani, Group Senior Vice President at Motilal Oswal Financial Services Ltd
- May 16, 2023 08:37 AM IST
Nifty conquers the 18,400 mark to hit a five-month high, while the Nifty Bank notches a record close. Are the markets poised to hit fresh highs soon? Meanwhile, autos have hit the fast lane with major carmakers reporting stellar set of numbers for the fourth quarter. How should one play auto stocks post earnings. Moneycontrol Pro’s Nitin Agrawal shares some insights. We discuss the market setup and stocks like PVR Inox, Berger Paints & Coromandel International with Milan Vaishnav, Gemstone Equity Research. Watch!
- April 27, 2023 01:18 PM IST
Brokerage firm Elara Securities has suggested a reduced rating for PVR Ltd and has set a target price of Rs 1510 per share from the current market price.
- April 22, 2023 06:00 PM IST
India’s anime fan base is dead serious, and both Shinkai and his India distributor PVR Pictures know
- March 22, 2023 08:37 AM IST
FIIs are now 83 percent net short on index futures, but the massive short-covering that bulls are counting on, has turned out to be elusive so far
- March 21, 2023 09:59 AM IST
Analysts have a consensus target price of 2,022 on the stock, which indicates a 31 percent upside from the current levels
- March 21, 2023 08:53 AM IST
In this episode of Market Minutes, Shailaja Mohapatra talks about one full year of interest rate hiking cycle by the US Federal Reserve. PVR, Rail Vikas Nigam Limited and Sunil Singhania-backed Dynamatic Technologies are some stocks to watch out for. Market Minutes is a morning podcast that puts the spotlight on hot stocks, keys data points and developing trends.
- March 21, 2023 07:21 AM IST
Warburg Pincus, through its affiliate Berry Creek Investment Ltd, sold the shares in PVR.
- March 20, 2023 09:03 PM IST
Foreign investor Berry Creek Investment was the seller in the above block deals, offloading the entire 2.49 percent stake in PVR.
- March 15, 2023 04:22 PM IST
Prabhudas Lilladher is bullish on PVR has recommended buy rating on the stock with a target price of Rs 2096 in its research report dated March 14, 2023.
- March 15, 2023 03:11 PM IST
Motilal Oswal recommended Neutral rating on PVR with a target price of Rs 1570 in its research report dated March 15, 2023.
- March 15, 2023 02:53 PM IST
Sharekhan is bullish on PVR has recommended buy rating on the stock with a target price of Rs 1800 in its research report dated March 14, 2023.
- March 15, 2023 11:58 AM IST
The company is also a fast-food giant now. It clocked Rs 1,500 crore in F&B sales last year. For context, Westlife Foodworld, which operates McDonalds in North and West, clocked about Rs 2,000 crore annual revenue. Brokerages say box office, F&B sales and advertisement will drive revenue synergies
- March 07, 2023 05:22 PM IST
The opening of the 11-screen multiplex also made the exhibition company to breach the 100-screen milestone in the city following the merger with INOX Leisure, PVR Cinemas said.
- February 24, 2023 07:44 PM IST
Our specially curated package of the big stories to help you stay at the top of your game.
- February 24, 2023 05:05 PM IST
The 11-screen multiplex, opened in Lulu Mall, is "Lucknow's biggest" and comes a month after the company announced merger with rival multiplex chain INOX.
- February 20, 2023 10:28 AM IST
PVR saw a footfall of 22 million in the third quarter, which is an improvement both sequentially as well as year on year, but still below Q1 FY23
- February 17, 2023 02:36 PM IST
The launch consolidates the PVR-INOX merged entity’s presence in central India with 299 screens in 70 properties across 25 cities in Madhya Pradesh, Gujarat, Rajasthan and Chhattisgarh
- February 17, 2023 08:04 PM IST
Despite being in flee mode for most part of the last calendar year, foreign investors remained buyers in some new-age firms in the December quarter
- January 30, 2023 10:13 AM IST
Experts predict a lot of volatility given the Union Budget week, but if the Nifty manages to hold the 50 WEMA, then there are fair chances that the index can easily surpass the 17,800-18,200 zone in the coming days, followed by 18,500
- January 30, 2023 06:25 AM IST
Though Max Financial Services might look lucrative after a 33 percent up move in the current month whereas broader market almost remained negative. But one needs to be cautious and look at the bigger picture.
- January 25, 2023 12:17 PM IST
Changing audience preferences, streaming alternatives, a poor connection with viewers, and high star salaries have all affected box-office collections.
