Buy PVR, target Rs 1650.0 : Kotak Securities Limited

Kotak Securities Limited has a buy call on PVR Ltd. with a target price of Rs 1650.0 .The current market price of PVR Ltd. is 1527.8 Time period given by analyst is Intra Day when PVR Ltd. price can reach defined target. Kotak Securities Limited recommended to keep stoploss at Rs 1495.0 .

PVR Ltd., incorporated in the year 1995, is a midcap company (with a market cap of ₹ 7173.20 crore) operating in Service sector.

PVR Ltd. key Products/Revenue Segments include Income From Films which contributed ₹ 1014.33 Cr to Sales Value (58.30 % of Total Sales), Beverages & Food which contributed ₹ 466.66 Cr to Sales Value (26.82 % of Total Sales), Income From Advertisement which contributed ₹ 206.53 Cr to Sales Value (11.87 % of Total Sales), Other Operating Revenue which contributed ₹ 51.51 Cr to Sales Value (2.96 % of Total Sales), Other Services which contributed ₹ .39 Cr to Sales Value (0.02 % of Total Sales) and Rent which contributed ₹ .21 Cr to Sales Value (0.01 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-12-2016, the company has reported a Consolidated sales of ₹ 528.70 Cr., down -2.28% from last quarter Sales of ₹ 541.01 Cr. and up 5.89% from last year same quarter Sales of ₹ 499.31 Cr. Company has reported net profit after tax of ₹ 23.52 Cr. in latest quarter. The company’s CEO is Mr.Ajay Bijli. It's Board of Directors include Mr.N C Gupta, Mr.Ajay Bijli, Mr.Amit Burman, Mr.N C Gupta, Mr.Nitin Sood, Mr.Sanjai Vohra, Mr.Sanjay Khanna, Mr.Sanjeev Kumar, Mr.Vikram Bakshi, Ms.Renuka Ramnath. Company has its registered office at 61, Basant Lok,, Vasant Vihar, New Delhi, 110057, Delhi. Company has S R Batliboi & Co. LLP as its auditors. As on 31-03-2017, the company has a total of 46,738,588 shares outstanding.