Multiplex operator PVR shares decline nearly 4% after downgrade
The domestic brokerage downgraded the stock from 'buy' to 'add' and cut the target price to Rs 1,850 from Rs 2,121
 "Multiplex operator PVR shares decline nearly 4% after downgrade")
premium
Shares of multiplex operator PVR dropped 4 per cent on Monday, following a rating downgrade by Kotak Securities.
The domestic brokerage downgraded the stock from ‘buy’ to ‘add’ and cut the target price to Rs 1,850 from Rs 2,121.
Shares of PVR closed at Rs 1,685, down 3.9 per cent over its previous close.
Kotak Securities expects the company’s profitability and margins to come under pressure due to weakness in Bollywood box office collections.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%