Buy PVR, target price Rs 1679: ICICI Securities

Buy PVR, target price Rs 1679: ICICI Securities
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Synopsis

PVR Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 6284.63 Crore) operating in Media & Entertainment sector.

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Promoters held 18.8 per cent stake in the company as of Dec 30, 2020, while FIIs held 38.5 per cent, DIIs 26.6 per cent and public and others 16.1 per cent.

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ICICI Securities has buy call on with a target price of Rs 1679. The current market price of PVR Ltd. is Rs 1051.75.
PVR Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 6284.63 Crore) operating in Media & Entertainment sector.

Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 320.13 Crore, up 189.42 % from last quarter Total Income of Rs 110.61 Crore and down -65.35 % from last year same quarter Total Income of Rs 923.89 Crore. Company reported net profit after tax of Rs -49.21 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 18.8 per cent stake in the company as of Dec 30, 2020, while FIIs held 38.5 per cent, DIIs 26.6 per cent and public and others 16.1 per cent.

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