India's PVR Inox drops on Karnataka state's proposal to cap ticket prices

PVR INOX

16/07/2025 08:16

Changes sourcing

** Shares of PVR Inox PVRL.NS down 1.2% to 987 rupees

** Karnataka state government has proposed to cap movie ticket prices across the state at 200 rupees ($2.33), inclusive of entertainment tax, document shows

** Stock rated "buy" on avg, median PT at 1,250 rupees - data compiled by LSEG

** The state government's media team did not immediately respond to a Reuters' request for comment

** YTD, stock down 25%

($1 = 85.7375 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)

 ((Manvi.Pant@thomsonreuters.com; +918447554364;))