Sell PVR, target price Rs 1540: Motilal Oswal Financial Services

Motilal Oswal Financial Services has sell call on PVR with a target price of Rs 1540. The current market price of PVR is Rs 1621. Motilal Oswal Financial Services recommended to keep stop loss at Rs 1645.

PVR, incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 9866.78 Crore) operating in Media & Entertainment sector.

PVR 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-2022.

Financials
For the quarter ended 31-12-2022, the company has reported a Consolidated Total Income of Rs 960.75 Crore, up 36.64 % from last quarter Total Income of Rs 703.13 Crore and up 35.37 % from last year same quarter Total Income of Rs 709.71 Crore. Company has reported net profit after tax of Rs 15.92 Crore in latest quarter.

The company’s top management includes Mr.Ajay Bijli, Mr.Sanjeev Kumar, Ms.Renuka Ramnath, Mr.Anish Kumar Saraf, Mr.Sanjai Vohra, Ms.Deepa Misra Harris, Ms.Pallavi Shardul Shroff, Mr.Gregory Adam Foster, Mr.Vikram Bakshi. Company has BSR & Co. LLP as its auditors. As on 31-12-2022, the company has a total of 6 Crore shares outstanding.

Investment Rationale
Surpassed its immediate hurdle of 86 zones & making higher highs, higher lows from the last three weeks.

Promoter/FII Holdings
Promoters held 33.88 per cent stake in the company as of 31-Dec-2022, while FIIs owned 84.0 per cent, DIIs 49.88 per cent.