India's PVR Inox to see strong December after muted start to Q3 - Nuvama

PVR INOX

30/11/2023 08:05

** Shares of India's largest multiplex operator PVR Inox
 PVRL.NS  up 1.1% to 1,717 rupees 
    ** Brokerage Nuvama sees rebound in box office collections
for PVRL in December, after a muted start to Q3 due to cricket
world cup discouraging content flow
    ** Adds, upcoming films including "Animal" and "Aquaman and
the Lost Kingdom" to show strong numbers; expects overall
content slate to pick up 
    ** To compensate for fewer movies released from October to
mid-November, PVR Inox offered screening of the cricket world
cup across 150 cinemas in 60 cities, which led to some benefits
- brokerage 
    ** Avg rating of 21 analysts tracking PVRL at "buy"; median
PT is 2,035 rupees - LSEG data
    ** Including day's move, stock down 0.2% YTD
    

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