The Indian markets began the trade on a bearish note on Friday. Sensex, Nifty ended on a higher note on Thursday as the gains were trimmed on the back of profit booking on higher levels. We have collated stocks from various experts for traders who have a short-term trading horizon: Expert: Securities told ETmarkets.com | … Read more
Shares of multiplex operators PVR and surged over 5 per cent in Monday’s trade after Brahmastra posted a higher-than-expected box office collection over the weekend. Global box office receipts for Brahmastra are believed to have reached $26.50 million (Rs 211 crore), of which $18 million came from India, $4.50 million from North America and $4 … Read more
Notwithstanding the upheaval on Dalal Street amid a rise in the US dollar index, domestic brokerage Prabhudas Lilladher has increased its Nifty target to 20,057, signalling an upside potential of 14.5 per cent for June 2023. “Nifty EPS has seen only minor tweaks in the current quarter with 13.2% EPS CAGR over FY22-24 with FY23/24 … Read more
Even though the pandemic threat has ebbed away and movies are getting released on the big screen, OTT platform’s aggressiveness and increased adoption are a threat to multiplexes. The merger of the two largest multiplexes in India, Inox Leisure and PVR Ltd, has put a big spotlight on this threat, and raised hopes that the … Read more
Global brokerage firm JPMorgan maintained its overweight rating on and Indigo, BofA Securities maintained its underperform rating on Bharat Forge, and CLSA recommended a buy on . We have collated a list of recommendations from top global brokerage firms from ETNow: JPMorgan on Hindalco: Overweight| Target Rs 565 JPMorgan maintained its overweight rating on Hindalco … Read more
New Delhi: PVR and have received approval from Sebi and stock exchanges regarding the proposed merger, three months after the merger announcement. The next step for the two multiplex owners is to get clearance from the National Company Law Tribunal (NCLT), which as per Nirmal Bang Institutional Equities, could take another six months. The Competition … Read more
As India recorded a rise in Covid-19 cases, share prices of multiplex operators tanked big time on Monday, as investors saw their outlook deteriorating once again. India logged 4,518 new coronavirus infections on Sunday, which is more than double of what it recorded a couple of weeks back. An increase of 1,730 cases in the … Read more