Analysts bullish on PVR on long-term growth outlook

As single screen closures could accelerate, PVR could emerge stronger relative to most other cinema operators and may be well placed to capitalize on likely pent-up demand

The multiplex industry has faced one of the most severe blows from the onslaught of the Covid-19 pandemic as outdoor venturing became passé and entertainment shifted online on OTT platforms. Yet India’s biggest cinema player PVR has received strong support from investors – both domestic and foreign.

A quick glance at the company’s shareholding pattern shows that foreign institutional investors have been upping their stake in the company since the September quarter of the previous fiscal, when pandemic related restrictions began to ease in India. From 34.6 per cent at the end of Q2, FIIs’ stake stood at 42.6 per