Multiplex stocks

PVR, Inox Leisure shares rally on strong box office collections for Brahmastra

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PVR, Inox Leisure shares rally on strong box office collections for Brahmastra

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

Can PVR and Inox merger create sustainable value for shareholders?

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Can PVR and Inox merger create sustainable value for shareholders?

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