India's PVR Inox jumps after narrower Q1 loss; Investec upgrades to 'hold'

PVR INOX

07/08/2025 05:20

** Shares of PVR Inox Ltd PVRL.NS climb 4.5% to 1,082 rupees, their highest since February 10

** India's largest multiplex operator reported a narrower Q1 loss on Wednesday as Hollywood hit 'F1: The Movie' drew more audiences

** Investec upgrades PVRL to "hold" and raises PT to 1,147 rupees from 996 rupees, citing improved earnings visibility on the back of a "solid content pipeline"

** Adds, PVRL's cost structure is aligned to the new reality of disruption from streaming services; raises FY26-27 earnings estimates by 8%-12%

** Analysts tracking stock rate it "buy" on average; median PT is 1,250 rupees - data compiled by LSEG

** Stock's YTD loss narrows to ~17%

 (Reporting by Nandan Mandayam in Bengaluru)

 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))