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PVR Inox Stock Down As UBS Cuts Target Price

Summary by NDTV Profit
PVR Inox Ltd.'s share price fell over 4% during early trade on Friday after UBS reduced its target price on the stock from Rs 2,000 to Rs 1,350.The firm noted lower occupancy due to factors such as lack of good releases, traffic/mall parking inconvenience, and extra costs. "Our thesis of the theatrical experience superseding the comfort of the couch at home is taking longer to play out than we expected," analysts said.The note said the stock and…
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PVR Inox Stock Down As UBS Cuts Target Price

PVR Inox Ltd.'s share price fell over 4% during early trade on Friday after UBS reduced its target price on the stock from Rs 2,000 to Rs 1,350.The firm noted lower occupancy due to factors such as lack of good releases, traffic/mall parking inconvenience, and extra costs. "Our thesis of the theatrical experience superseding the comfort of the couch at home is taking longer to play out than we expected," analysts said.The note said the stock and…

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NDTV Profit broke the news in on Friday, April 4, 2025.
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