PVR Inox Ltd Share Price (PVRINOX)

Inorbit Malls Expands Across India - 17 Apr, 2024

Inorbit Malls is expanding its retail space across India, with a 1.3 msf complex under construction in Visakhapatnam and expansion efforts underway at the Vadodara mall. The company is also exploring opportunities in 18 cities to cultivate a pipeline of 4 msf across four/five projects within the next four/five years.

PVR Inox Target Price Cut by Kotak; Promoters Increase Pledge - 16 Apr, 2024

Kotak Institutional Equities has cut PVR Inox's target price to Rs 1,500 and trimmed its revenue and EBITDA forecasts for FY2024-26 due to weak estimates during H1CY24. Meanwhile, the promoters of PVR Inox increased their pledge on holdings from 4.17% to 5.27% in Q4FY24.

PVR Inox Plans Expansion in South India; To Open 100 Screens in FY25 - 15 Apr, 2024

PVR Inox is planning to expand its presence in South India and open 100 new screens in FY25 while disinvesting in 90 screens. It also plans to reduce capital expenditure and become free cash flow positive to improve operational performance.

FEFKA Announces Boycott of PVR-Owned Screens for Malayalam Films - 13 Apr, 2024

The Film Employees Federation of Kerala (FEFKA) has announced that no Malayalam film will be given to any PVR-owned screen or theatre until the company compensates producers from the southern state for losses incurred due to not showing their films across India.

PVR Inox Launches New Cinemas Across India - 12 Apr, 2024

PVR Inox has launched multiple new cinemas across India, including its largest cinema in Bengaluru with 14 screens. CLSA has retained a buy rating on the stock, while brokerages remain positive despite weak Q3 results.

PVR INOX Launches Megaplex in Bengaluru - 11 Apr, 2024

PVR INOX has launched a 14-screen megaplex at Bengaluru's Phoenix Mall of Asia featuring three premium formats and advanced technology. The stock closed at ₹1,416 on Wednesday, higher by 2.25%.

PVR Inox Opens Multiplex in Kochi, Analysts Maintain Buy Rating - 10 Apr, 2024

PVR Inox has opened a new 9-screen multiplex in Kochi, Kerala equipped with advanced technology. Analysts maintain their buy rating on the stock despite short-term volatility in the media space.

PVR Inox Faces Challenges Amid Lack of Major Film Releases - 08 Apr, 2024

Despite a bull market, PVR Inox's stock has delivered negative returns over the past year. The lack of major film releases in Q4FY24 is expected to result in another lacklustre quarter. However, PVR Inox's focus on deleveraging and growing food and beverage revenues offer some comfort.

Mixed Performance for PVR Inox in FY24; Weak Q4 Expected - 04 Apr, 2024

Despite good recovery from pandemic slowdown, PVR Inox had mixed performance in FY24. Nirmal Bang expects weak Q4 FY24 results due to poor content and low occupancy rates. Hollywood content situation expected to remain weak in June 2024 quarter before improving in H2 2024.

ICICI Direct's Research Report Maintains BUY Rating for PVR Inox - 01 Apr, 2024

PVR Inox is focusing on de-leveraging and entering capex sharing contracts with landlords to increase RoCE. Non-core assets may be liquidated to reduce debt. Ad revenues expected to return to pre-covid levels by FY25. Maintain BUY rating.