Prabhudas Lilladher has buy call on PVR with a target price of Rs 2110. The current market price of PVR is Rs 1903.7. Time period given by analyst is one month when the company price can reach defined target.

PVR, incorporated in the year 1995, is a mid cap company (having a market cap of Rs 11639.97 crore) operating in media and entertainment sector.

It’s key products/revenue segments include income from films, beverages and food, fees and other charges, income from advertisement, other operating revenue and income from films production distribution for the year ended March 31, 2022.



Financials

For the quarter ended June 30, 2022, the company has reported a consolidated total income of Rs 1002.26 crore, up 72.90 per cent from last quarter total income of Rs 579.66 crore and up 982.94 per cent from last year for the same quarter total income of Rs 92.55 crore. The company has reported net profit after tax of Rs 53.16 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 June 30, 2022, the company has a total of six crore shares outstanding.

PVR Bar chartETMarkets.com

Investment Rationale
The stock has overall maintained an uptrend indicated by the ascending channel pattern on the daily chart recently taking support near 1800 levels and with improving bias has witnessed a decent pullback.

The RSI indicator has indicated a trend reversal from the oversold zone and signaled a buy with immense upside potential visible.

With the chart looking attractive, the brokerage suggests to buy and accumulate this stock for an upside target of 2110 keeping the stop loss of 1830.

Promoter/FII Holdings
Promoters held 16.99 per cent stake in the company as of June 30, 2022, while FIIs owned 44.71 per cent, DIIs 18.04 per cent.

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By Dipak

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