India's PVR INOX hits near 9-mth high on spree of blockbusters

PVR INOX

07/09/2023 10:45

** Shares of PVR INOX Ltd  PVRL.NS  rise as much as 2.4% to
1,870.35 rupees, highest since Dec. 15
    ** Nuvama expects record Q2FY24 results after highest-ever
monthly admissions and box office in August on the success of
Hindi movies Gadar-2 and Jailer 
    ** Adds, PVRL to further gain from Hindi-language movie
Jawan, which released on Thursday
    ** Retains 'buy,' raises PT to 2,210 rupees
    ** Trading volume at ~1.3 mln shares, 1.5x the 30-day avg of
~878,700 shares as of 2:40 p.m. IST 
    ** Average rating of 20 analysts covering stock at
equivalent of 'buy;' median PT is 1,978 rupees - LSEG data
    ** Stock last up ~7.7% this year


 (Reporting by Biplob Kumar Das in Bengaluru)
 ((Biplobkumar.das@thomsonreuters.com))