India's PVR Inox rises; Investec ups PT on strong second-half 2027 outlook
BUZZ-India's PVR Inox rises; Investec ups PT on strong second-half 2027 outlook ** Shares of PVR Inox PVRL.NS rise 3.8% to 1,297.40 rupees
** Investec raises PT to 1,821 rupees from 1,466 rupees and maintains "buy"
** Cites strong H2FY27 outlook, driven by robust film pipeline and higher advertising income
** Raises Pre-IND EBITDA estimates by 9% to 10% and EPS estimates by 6% to 23% for the FY27-FY29 period on stronger Q2FY27 earnings expectation
** Expects Q2 revenue to rise 12% Y/Y to 20.5 billion rupees ($212.68 million), helped by 16% growth in box office revenue and 13% growth in food and beverage revenue
** Investec also notes strong performance from mid-sized films, with rising footfall in last five quarters improving profitability
** Stock rated "buy" on avg by 16 analysts; median PT at 1,400 rupees - data compiled by LSEG
** Stock up 23.07% YTD
($1 = 96.3900 Indian rupees)
(Reporting by Anushka Rajvedi in Bengaluru)
((mailto: anushka.rajvedi@thomsonreuters.com))