When PVR-Inox launches a six-screen location in Jio World Plaza Mumbai, its shares jump by 2%
PVR-Inox's stock has increased by 8% over the last month, while the benchmark Sensex has increased by 6%.
After PVR-Inox inaugurated its new six-screen location at Jio World Plaza in Mumbai on December 1, the company's shares increased by 2% to reach the day's high of Rs 1,755 per share. The multiplex operator increased the number of IMAX screens in Mumbai to four, bringing the total number of IMAX screens in India to twenty-two.
PVR-Inox's stock has increased by 8% over the last month, while the benchmark Sensex has increased by 6%.
In addition to renting out movies, PVR-Inox features a bar and lounge in Mumbai's Jio World Plaza.
"F&B has expanded inside the combined corporation over time. We're advocating eating while watching a movie today. Approximately thirty percent of the entire income comes from F&B. In the future, we anticipate F&B to expand. The stakes will rise. Alok Tandon is PVR Inox's co-CEO.
high ticket sales and high box office revenues helped PVR-Inox generate a profit of Rs 166 crore in the second quarter of the fiscal year 2023–24, which concluded in September.
In Q2FY24, the company's revenue for the second quarter rose by 53% sequentially to Rs 1,999 crore.
The management had said that they will launch 150–160 more screens overall in FY24 and that internal accruals would be used to fund this expansion.
Anand Rathi's analysts have high hopes for the lineup of material available in several languages.
"We think that everyone will value interesting information, regardless of price or celebrity status. Films with strong substance are more popular than ever, whereas poorly received films have drastically decreased. The brokerage company said, "We present FY26E and 2 We retain our buy position alongside a target price of Rs 300 (13x FY26e Pre-IND AS EBITDA)."
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