PVR, Inox and Cinepolis adding 125, 77 and 60 screens, respectively, in FY23
Stocks to Watch Today: Asian Paints, Cipla, Gujarat Gas and Vodafone Idea will be in focus ahead of the Q4 results on Tuesday, May 10, 2022.
Reports suggest LTI & Mindtree could be eyeing a merger. Besides, the acquisition race for Holcim's India assets is heating up Ultratech Cement reportedly throwing in its hat in the ring
PVR and Inox have seen strong bounceback led by compelling movie content, rise in average ticket prices, and food and beverage (F&B) revenue per head surpassing pre-pandemic levels
Business Standard brings you the top headlines on Monday
The combined entity will become the largest film exhibition company in India with 1,546 screens, at around 50 per cent multiplex screen market share and around 42% box office collection market share
Inox Leisure may see a medium-term bullish trend, if the stock upholds the rally above Rs 480 levels
PVR and INOX Leisure are likely to be in focus after the two mega multiplex owners announced an all-stock merger on Sunday.
The combined entity will be named as PVR INOX Limited
'Had the last week of December not been impacted by Omicron and the ensuing restrictions we would have closed with even better numbers for December,' says CMD Ajay Bijli
However, once the restrictions are lifted, the pace of recovery is expected to be sharp, says Crisil Ratings
These stocks have corrected between 10-20 per cent over the last one month relative to benchmarks' 3 per cent fall. Here's a possible way forward for these stocks