Buy PVR, target price Rs 1985: Axis Securities

Axis Securities has buy call on PVR with a target price of Rs 1985. The current market price of PVR Ltd. is Rs 1846.5.
Time period given by analyst is 4 weeks 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 11275.52 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 31-03-2022, the company reported a Consolidated Total Income of Rs 579.66 Crore, down -18.32 % from last quarter Total Income of Rs 709.71 Crore and up 120.19 % from last year same quarter Total Income of Rs 263.26 Crore. Company reported net profit after tax of Rs -105.49 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 17.01 per cent stake in the company as of 31-Mar-2022, while FIIs owned 41.47 per cent, DIIs 19.28 per cent.