Prefer PVR on inorganic expansion, blockbuster lineup of movies: Deepak Shenoy

In a chat with ET Now, Deepak Shenoy, Founder, Capital Mind, talks about the reasons why he still prefers PVR, despite a recent fall in the stock.

ET Now: Why do you like PVR? The scrip had been very volatile and, of late, it has also corrected quite a bit?

Deepak Shenoy: It has, but it still remains in Rs 780 to Rs 815-817 kind of a range. The primary reasons for preferring the stock include the increase interest in consumer entertainment and the company's inorganic expansion into tier II and tier III towns. The fact that grosser in Hindi movies are ranging above Rs 100 crore in the first weekend, we seeing a tremendous amount of growth. A couple of blockbusters releases are also lined up for December. So I believe that this trend should be very positive for a company like PVR.