Nuvama sees 96% upside in PVR Inox

Chhatrapati Shivaji Maharaj played a key role in reviving nationalism and the brokerage firm Nuvama Institutional Equities believes that the movie Chhava, based on his son’s achievements has revived the spark in Indian cinema. Following the stupendous box office collection for Chhaava, Nuvama expects a 96% upside in PVR Inox’s share price. 

It has a target of Rs 1,765 on the share price against a current level of Rs 900. The brokerage kept the ‘Buy’ rating unchanged—Nuvama’s confidence in the stock stems from the strong uptick in the first two months after Chhaava was released. 2025 has started on an exciting note as box office collections jumped 39% year-on-year in January-Febrauray to Rs 2,264 crore. According to the brokerage, February 2025 has been the highest-grossing month after COVID-19 for Bollywood at Rs 1,245 crore. 

ALSO READStock Market Live Updates: Steady start for the markets, Nifty above 22,600, Sensex up 300 points; Hindalco, ICICI Bank top gainers Nuvama on PVR Inox: Strong box office collection

“The Hindi movie industry, which has been struggling, has seen a revival; consistency will be important to track (Chhaava made up 53% of Feb-25). This highlights audiences are eager to watch in cinemas if the content is compelling,” said Nuvama. 

Not just that the company promoters have bought shares, which makes 0.03% of total capital. To be sure, promoter buying is in small amounts, but this is a positive indicator for minority investors after a few rounds of promoter selling and pledging.

Nuvama on  PVR Inox: Encouraging pipeline of new releases

Going forward, Nuvama expects Q4 FY25 to be stronger than the initial expectations. As Chhaava revived the mood, a movie like Sikandar is set for a release during the end of the quarter, which is anticipated to deliver strong opening numbers. It is not just Bollywood, the Hollywood lineup is also there to help numbers. The pipeline includes Hollywood movies such as Thunderbolts and First Steps.

ALSO READNMDC dividend payout: Check record date and 4 key factors that investors need to watch PVR Inox Q3 result

The company reported a 180% YoY growth in its consolidated net profit to Rs 35.9 crore for the third quarter of FY25, as against a net profit of Rs 12.8 crore in the same period last year. However, the company reported a net loss of Rs 11.8 crore in Q2 FY25.

 » Read More

Related Articles

Bajaj Finserv to explore listing of insurance firms

After acquiring Allianz’s 26% stake in Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance for Rs 24,180 crore, Bajaj Finserv is planning to explore listing of its insurance ventures. Sanjiv Bajaj, chairman and managing director of Bajaj Finserv, said there was a regulatory nudge for listing of larger insurance companies. The boards of the

Price collusion: CCI raids ad giants, broadcasters’ body

The Competition Commission of India (CCI) on Tuesday raided the offices of media agencies, including GroupM, Dentsu and IPG Mediabrands, as well as the Indian Broadcasting and Digital Foundation (IBDF), an apex body of broadcasters, over alleged fixing of ad rates and discounts, industry sources told FE. The action comes ahead of the 18th edition

Bulls return to D-Street: Markets surge as global indices gain

After over a week of consolidation, Tuesday was a breakout day for the benchmark indices, which clocked around 1.5% growth on the back of good news on both global and domestic fronts. While the softer-than-expected US retail sales data fuelled hopes globally that the Federal Reserve could consider rate cuts, India’s lowest trade deficit in

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

Bajaj Finserv to explore listing of insurance firms

After acquiring Allianz’s 26% stake in Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance for Rs 24,180 crore, Bajaj Finserv is planning to explore listing of its insurance ventures. Sanjiv Bajaj, chairman and managing director of Bajaj Finserv, said there was a regulatory nudge for listing of larger insurance companies. The boards of the

Price collusion: CCI raids ad giants, broadcasters’ body

The Competition Commission of India (CCI) on Tuesday raided the offices of media agencies, including GroupM, Dentsu and IPG Mediabrands, as well as the Indian Broadcasting and Digital Foundation (IBDF), an apex body of broadcasters, over alleged fixing of ad rates and discounts, industry sources told FE. The action comes ahead of the 18th edition

Bulls return to D-Street: Markets surge as global indices gain

After over a week of consolidation, Tuesday was a breakout day for the benchmark indices, which clocked around 1.5% growth on the back of good news on both global and domestic fronts. While the softer-than-expected US retail sales data fuelled hopes globally that the Federal Reserve could consider rate cuts, India’s lowest trade deficit in

EXPLAINER | Why are FPIs exiting India?

By Ankit Mandholia The withdrawal of foreign portfolio investors (FPIs) from Indian markets is driven by a complex interplay of global economic trends, geopolitical uncertainties, monetary policies, and domestic factors. Since sustained outflows could pose challenges to market stability, it is important to ensure that there is macroeconomic stability to enhance the competitiveness of Indian

SIP portfolio down by 20-30 pc in current market crash? Here’s how to recover

The market scenario can change completely in just a few months. Till September 2024, the Indian stock market was making new records every day. But since then, the situation has changed. Nifty 50 is down by about 14% from its peak. Similarly, the Nifty Midcap 100 has fallen by more than 18% in the last