Buy PVR, target price Rs 1531: ICICI Securities

ICICI Securities has buy call on PVR with a target price of Rs 1531. The current market price of PVR Ltd. is Rs 1371.
Time period given by analyst is one year when PVR Ltd. price can reach defined target.

PVR Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 8339.61 Crore) operating in Media & Entertainment sector.

Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 263.26 Crore, down -17.76 % from last quarter Total Income of Rs 320.13 Crore and down -60.22 % from last year same quarter Total Income of Rs 661.78 Crore. Company reported net profit after tax of Rs -289.21 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 17.1 per cent stake in the company as of March 31, 2021, while FIIs held 42.6 per cent, DIIs 24.5 per cent and public and others 15.8 per cent.