PVR Inox shares rise on Investec PT hike, strong H2 outlook
Shares of PVR Inox rose 3.8% to 1,297.40 rupees as Investec raised its price target to 1,821 rupees and maintained a "buy" rating, citing a strong H2FY27 outlook driven by a robust film pipeline and higher advertising income.
40 rupees after Investec lifted its target price to 1,821 rupees from 1,466 rupees and kept a "buy" rating. The broker cited a strong H2FY27 outlook, supported by a robust film pipeline and higher advertising income. It also raised its Pre-IND EBITDA estimates for the FY27-FY29 period by 9% to 10% and its EPS estimates by 6% to 23% on stronger expectations for Q2FY27 earnings. 68 million), aided by 16% growth in box office revenue and 13% growth in food and beverage revenue.
It said mid-sized films have also performed well, while higher footfall over the last five quarters has improved profitability. LSEG data showed the stock was rated "buy" on average by 16 analysts, with a median target price of 1,400 rupees. 07% year to date. 3900 Indian rupees)