Changing audience preferences, streaming alternatives, a poor connection with viewers, and high star salaries have all affected box-office collections.

The much-awaited action-thriller Pathaan has crossed 1 million tickets in advance sales on BookMyShow already

ICICI Direct is bullish on PVR recommended buy rating on the stock with a target price of Rs 2010 in its research report dated January 20, 2023.

Motilal Oswal recommended Neutral rating on PVR with a target price of Rs 1570 in its research report dated January 19, 2023.

Sharekhan is bullish on PVR has recommended buy rating on the stock with a target price of Rs 2020 in its research report dated January 19, 2023.

According to reports, Pathaan's advance bookings have reached one lakh tickets at national cinema chains and this indicates a double-digit opening day for the movie.

Prabhudas Lilladher is bullish on PVR has recommended buy rating on the stock with a target price of Rs 1983 in its research report dated January 19, 2023.

Emkay Global Financial is bullish on PVR has recommended buy rating on the stock with a target price of Rs 2050 in its research report dated January 19, 2023.

The merger received a nod from National Company Law Tribunal (NCLT ), Mumbai Bench through a verbal order on January 12.

The multiplex industry is recovering from the pandemic-lows on blockbuster releases both in Hollywood and at home. PVR had logged losses in 10 of the 11 previous quarters.

PVR Q3: Revenue from operations rose 53 percent year-on-year to Rs 941 crore

The cinema chains had bet big on Hindi films like Cirkus, directed by Rohit Shetty, that was made on a budget of Rs 150 crore and did a total business of around Rs 35 crore.

The stock has been under pressure despite the merger with nearest rival INOX. Kotak says recent weak collections reflect a change in consumer behaviour with the rise of OTT platforms. A dearth of good stories, too, was hurting box officer performance, it said

The tribunal approved the scheme of merger in a verbal order and a written order is expected in the next 15-20 days, sources said

Multiplex chain PVR said that the Supreme Court ruling has established clarity, removes ambiguity around the issue and the judgement will ensure all businesses are treated fairly.

Like Pathaan, some other big Bollywood films, including Aamir Khan-starrer Laal Singh Chaddha (LSC), Akshay Kumar's Raksha Bandhan and Ranbir Kapoor's Brahmastra bore the brunt of the Boycott Bollywood trend. Other films that were boycotted were Vijay Deverakonda and Ananya Pandey's Liger and Ajay Devgn's Thank God.

Consumption of movies in theatres is now near pre-Covid levels. The industry is gearing up for a strong 2023 (FY24), industry insiders say

With Rs 3,030 crore in Hindi box office collections thus far, revenues are expected to recover to 80-85 percent of pre-Covid levels in FY23, and fully recover by FY24.

The momentum seems to be in favour of bulls but having consistent run-up for the last few days, some bouts of volatility and consolidation can be seen in coming sessions, before taking gradual march towards first 18,700-19,000 area

FY24 will be huge once the merger with INOX goes through, says joint MD Sanjeev Bijli

While family audiences aren’t exactly setting the box office on fire, their return after a long absence augurs well for the industry.

PVR Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 11050.03 Crore) operating in Media & Entertainment sector.

On the corporate side, the weak performance of films at the box office is pushing advertisers away from cinema advertising.

Exhibitors are open to experimenting with pricing but say constantly lowering rates doesn't support business economics. Producers, on the other hand, are looking at correction in prices.

RPG Life Sciences was another stock that we selected for trade spotlight, rising 4 percent to end at record closing high of Rs 855.80. It has seen high wave kind of pattern formation on the daily charts, and bullish candle for fifth consecutive month.

ICICI Direct is bullish on PVR recommended buy rating on the stock with a target price of Rs 2130 in its research report dated October 18, 2022.

PVR Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 10544.67 Crore) operating in Media & Entertainment sector.

Motilal Oswal recommended Neutral rating on PVR with a target price of Rs 1675 in its research report dated October 17, 2022.