Buy PVR, target price Rs 1680: ICICI Direct

ICICI Direct has buy call on PVR with a target price of Rs 1680. The current market price of PVR Ltd. is Rs 1339.3 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 8122.03 Crore) operating in Media & Entertainment sector.

PVR Ltd. key Products/Revenue Segments include Income From Films, Beverages & Food, Fees & Other Charges, Income From Advertisement, Other Operating Revenue and Income from Films Production & Distribution for the year ending 31-Mar-2021.



Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 275.21 Crore, up 197.36 % from last quarter Total Income of Rs 92.55 Crore and up 148.81 % from last year same quarter Total Income of Rs 110.61 Crore. Company reported net profit after tax of Rs -153.27 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 17.04 per cent stake in the company as of 30-Sep-2021, while FIIs owned 46.01 per cent, DIIs 17.8 per cent.