India's PVR INOX hits 1-month high on 'Barbenheimer' release day

PVR INOX

21/07/2023 07:27

** Shares of PVR INOX  PVRL.NS  jump 2.6% to 1,486 rupees,
their highest since June 16, amid a weaker broader market
    ** Advance bookings for Oppenheimer and Barbie, or
Barbenheimer as coined by the internet, exceed predictions ahead
of July 21 release, entertainment website Pinkvilla reports
    ** Oppenheimer and Barbie sell over 2.3 lakh (230,000)
tickets in PVR, INOX and Cinepolis, the top 3 Indian national
chains, per Pinkvilla
    ** Oppenheimer, Barbie and other Hollywood movies should
significantly narrow gap in collections vs pre-Covid, Nuvama
analysts say
    ** Stock on track to rise for third straight session, if
gains hold, and has now cut YTD losses to ~14%

 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))