All that happened in the markets today
The SGX Nifty is indicating a gap-up open today with the Nifty likely to open at around 10,260 levels on the back of firm global cues
Sources say the top four multiplex chains in the country - PVR, Inox, Cinepolis, and Carnival - are asking big producers to wait rather than rush to release their films on OTT platforms.
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
In the past two months, it has tanked 55 per cent following the closure of movie theatres across India
As India overdoses on mass media, how are TV channels, DTH operators, streaming firms and others dealing with the challenges
Sebi has also introduced limits on open positions for going short or long in index derivatives
In the past three weeks, PVR has plunged 49 per cent and Inox Leisure has tanked 45 per cent, as compared to a 20.5 per cent decline in the S&P BSE Sensex.
In the past one month alone, these stocks have slipped up to 24 per cent. PVR and Inox Leisure top the losers list with a drop of 24 and 23 per cent, respectively.
While revenue grew at a muted pace and missed estimates, net profit plunged by 30%; analysts expect Inox to post better numbers
While the other IT counters are witnessing volatile swings or reeling under pressure, Tech Mahindra is comfortably holding above the support zone of multiple moving averages on the daily chart
It's ideal to focus on Nifty only once it clears the minor range of 11,800-11,940
Strong box office collections, good growth in F&B sales and reasonable valuations point to healthy upsides despite sharp run up
Derivative call by Nandish Shah, Technical Analyst, HDFC securities
Trading calls by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers
London-headquartered Mubi, popular in the US and Europe, is best known for its curated line-up of films in English and other languages
The company has 809 screens at 171 properties in 70 cities in India.
The revenue from operations grew 37 per cent YoY to Rs 973.18, riding on good movie releases
Highest-ever footfalls with good content leads to 35-37 per cent growth in topline and net profit
Multiplexes are now either expanding within existing properties or converting single screens into multiple screens through partnerships