UBS on PVR
Maintain Buy; lower price target from Rs2,000 to Rs1,350
Inertia to go to theaters is higher than we expected; therefore, occupancy is structurally lower
But the stock price and valuation still make PVR attractive
Believe PVR could improve in FY26 after a tepid FY25, on a strong content pipeline
Maintain Buy; lower price target from Rs2,000 to Rs1,350
Inertia to go to theaters is higher than we expected; therefore, occupancy is structurally lower
But the stock price and valuation still make PVR attractive
Believe PVR could improve in FY26 after a tepid FY25, on a strong content pipeline
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