Sell PVR, target price Rs 1620: Chandan Taparia

Chandan Taparia of Motilal Oswal has sell call on PVR with a target price of Rs 1620. The current market price of PVR Ltd. is Rs 1697.9. Time period given by analyst is Intra Day 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 10343.19 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.

Investment Rationale
Gave up all the gains of the past month and heading towards more weakness with volatility expected.

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.