India's PVR, Inox Leisure rise on earnings growth hopes

PVR INOX

11/01/2023 09:14

** Shares of PVR  PVRL.NS  and Inox Leisure  INOL.NS  rise
over 2.5% in anticipation of improved earnings performance in
the third quarter
    ** After a disappointing Q2, multiplexes are likely to
report improved performance due to select box office hits, says
Emkay Global; adds footfalls will likely improve on a sequential
basis
    ** Both PVR and Inox are expected to report marginal Q3
profit while broadcasters like Zee Entertainment  ZEE.NS  and
Sun TV  SUTV.NS  could see limited growth due to weak
advertisement demand: Emkay Global
    ** The domestic brokerage firm has a "buy" rating on PVR,
Inox Leisure and Zee, "hold" rating on Sun TV
($1 = 81.7700 Indian rupees)
 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; Mobile:
+919769003463))