From its highs in December 2023, the stock of the country's largest multiplex chain PVR Inox is down 22 per cent and is trading at ₹1,412 a share. A weaker-than-expected December quarter, a muted outlook in the near term and a downward revision in earnings are weighing on the film exhibitor. Even though there aren't enough growth boosters in the near term, brokerages have maintained an accumulate or buy rating on the stock, given moderate valuations.
The key trigger will be the March quarter performance and the outlook for the company. Some of the concerns related to sluggish box office collections could be reflected in the March quarter performance. Multiplexes (sector) could report a revenue growth of 3 per cent year-on-year (Y-o-Y) and a quarter-on-quarter (Q-o-Q) dip in box-office collections due to lack of big-budget movies, gaps in release dates and the exam season.
Elara Securities highlighted that the quarter was below par for the market leader. The brokerage expects a 24 per cent occupancy due to muted footfalls.
Denne historien er fra April 13, 2024-utgaven av Business Standard.
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Denne historien er fra April 13, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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A life that lives beyond
The passing of Ratan Tata marks the loss of not only an iconic leader but also a global visionary whose influence extended far beyond business.
Ratan Tata: The unlikely social media star
On Monday, Ratan Tata posted on social media: \"Thank you for thinking of me,\" debunking rumours about his health. Just two days later, on Wednesday, the former Tata Group chairman passed away in a Mumbai hospital at the age of 86.
Paytm appears poised for rebound
While Paytm (One97 Communications) is not completely past regulatory hurdles, its share price has gained in the last month or two. The Paytm handle migration is complete along with FDI clearance necessary for the Payment Aggregator (PA) license.
Love-all, RAFA
'KING OF CLAY' TO SIGN OFF FROM PROFESSIONAL TENNIS BY THE END OF THIS SEASON
Aman for startups
Ratan Tata was known as much for his business acumen as for his philanthropy. However, a lesser-known fact was his stellar track record when it came to startup investment.
RBI's inflation caution may halt FMCG rally
Analysts suggest buying quality stocks on dips for long term
Indices close marginally higher
Equity benchmark indices Sensex and Nifty settled higher on Thursday due to gains in banking, power, and industrial stocks amid a firm trend in global markets.
Oil gains after 2-day decline
Oil rose after a two-day decline as traders watched for an Israeli response to Iran's missile attack early last week, while US crude stockpiles expanded the most since April.
Pro-rata distribution mandate for AIFs likely to see tweaks
Final norms to ensure excuse, exclude provisions co-exist
Bernstein downgrades Indian stocks on valuation concerns
Bernstein Societe Generale Group's Asia quant strategists have downgraded Indian stocks due to valuations, while predicting further upside for Chinese equities on a policy boost.
