 "Inox, PVR Inox")
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The quarter has five mega budget movies, including regional movies which will be released during the festive season | Photo: Bloomberg
From its lows in mid–August, the stock of the country’s largest multiplex operator is up over 18.5 per cent outperforming the benchmark Sensex, which delivered gains of up to 7.4 per cent during this period. After a muted June quarter, the improving sentiment for the stock is on account of a strong movie pipeline which should reflect in the collections in September and December quarters as well as deleveraging expectations.
The September quarter had several blockbusters including Kalki 2898 AD, Stree 2, Deadpool & Wolverine, and Raayan among others. While PVR’s bollywood/regional/hollywood market shares are at 40
