The Economic Times daily newspaper is available online now.

    Sell PVR, target price Rs 1620: Chandan Taparia

    Synopsis

    PVR Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 10343.19 Crore) operating in Media & Entertainment sector.

    PVRAgencies
    Promoters held 17.01 per cent stake in the company as of 31-Mar-2022, while FIIs owned 41.47 per cent, DIIs 19.28 per cent.
    Chandan Taparia of Motilal Oswal has sell call on PVR with a target price of Rs 1620. The current market price of PVR Ltd. is Rs 1697.9. Time period given by analyst is Intra Day when PVR Ltd. price can reach defined target.

    PVR Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 10343.19 Crore) operating in Media & Entertainment sector.

    PVR Ltd. key Products/Revenue Segments include Income From Films, Beverages & Food, Fees & Other Charges, Income From Advertisement, Other Operating Revenue and Income from Films Production & Distribution for the year ending 31-Mar-2021.


    Financials
    For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 579.66 Crore, down -18.32 % from last quarter Total Income of Rs 709.71 Crore and up 120.19 % from last year same quarter Total Income of Rs 263.26 Crore. Company reported net profit after tax of Rs -105.49 Crore in latest quarter.

    Investment Rationale
    Gave up all the gains of the past month and heading towards more weakness with volatility expected.

    Promoter/FII Holdings
    Promoters held 17.01 per cent stake in the company as of 31-Mar-2022, while FIIs owned 41.47 per cent, DIIs 19.28 per cent.



    (Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more


    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

    Stories you might be interested in