ICICI Direct has given Buy recommendation for PVR recommended buy rating on the stock with a target price of Rs 2130 in its research rep with a target price of Rs. 2130 in its research report issued on Oct 18, 2022

ICICI Direct’s research report on PVR

PVR Ltd is the market leader in terms of multiplex screen count in India. Currently, it operates 864 screens in 175 cinemas in 75 cities in India and Sri Lanka with an aggregate seating capacity of ~1.80 lakhs seats as on Q3FY23. With leadership in the high realisation/key markets of Maharashtra and NCR, it enjoys superior ATP, SPH and advertisement than peers.


We maintain BUY rating on the company. We value PVR at Rs 2130 i.e. 15x FY24E EV/EBITDA.

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