Buy PVR Ltd. with a target of Rs 1500 – UBS

UBS has Buy call on PVR Ltd. with a target price of Rs 1500. The current market price of PVR Ltd. is 1253.25 . Time period given by analyst is year when PVR Ltd. price can reach defined target.
PVR saw lower footfalls due to demonetisation, which led to company increasing discounts. Despite weak box office outcomes, strong growth in F&B spends was impressiveContinued focus on increasing F&B spends, ad revenues will aid margins going forward. Expect market to react positively to strong Q3 performance amidst challenging environment. PVR remains one of top midcap picks with attractive risk-reward profile.