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in Economy

Analysts raise target on PVR post blockbuster Q1; see up to 25% upside

by Editor July 22, 2022, 11:20 am 999 Views

An employee wears a protective mask while waiting to greet customers outside the PVR Icon cinema at the DLF Promenade Mall in New Delhi

Analysts have raised target on PVR Ltd after the multiplex-chain operator clocked a blockbuster June quarter of FY23 (Q1FY23). They, now, see up to 25 per cent upside in the stock on solid road to recovery.

“PVR outperformed on revenue and Ebitda and turned in highest-ever average ticket price (ATP) and spending…

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