Under pressure for a while now, PVR shares are trading near an important support zone. A solid base formation on technical charts puts it in a strong stead for a potential upside. While, the near term upside could be up to 14%, the stock has the potential to earn nearly Rs 600 per share for … Read more
Global brokerage firms including Citi, JP Morgan, Nomura, HSBC and BofA have shared their view on a number of stocks, including , , , and PVR. We have collated a list of recommendations from top brokerage firms from ET NOW: Citi on (Paytm): Buy | Target Price: Rs 1,055Paytm has gained market share in digital … 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
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
MUMBAI: At a time when the cinema screens across the country are closed for over four months, India’s leading multiplex chain, PVR, has completed its Rs 300 crore rights issue, which was oversubscribed by 2.24 times. One of the most successful rights issues in the last 15 years in India, it showed the confidence the … Read more