After the recent success at the box office, domestic brokerage houses ICICI Securities and Prabhudas Lilladher have assigned “Buy” ratings on PVR Inox shares.
Sequentially, PVR INOX’s loss narrowed significantly from ₹334 crore in Q4FY23, led by a growth of 70% in quarter-on-quarter box office collections for Hollywood films.
Indians prefer large-screen viewing experience, it said in a report; screen scalability issues and any imposition of local body tax are the only two risks in the cinema space.
