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
Your seats at the theatre will move in sync with the actors' gravity-defying stunts on screen
Shares of LCOs including Hathway cables and Datacom, Den Networks and GTPL Hathway zoomed in the range of 5 to 20% during the morning deals on the BSE while those of PVR & INOX Leisure slipped up 10%
When multiplexes came in with a cleaner, better experience, it forced single screens to either refurbish or to become part of a chain
From popcorn at PVR to coffee at Starbucks, a larger debate on overpriced indulgences has ensued under #RahulBoseMoment
Reported topline jumped 26 per cent, but net profit down 69 per cent due to change in accounting norms and weak show by key segments
PVR Home membership costs Rs 150,000, which gives access to club amenities, including glorified living room space and terrace bar, and discounts on tickets for Director's Cut and exhaustive F&B menu
Company claims to have crossed 750-screen milestone, served almost 100 million patrons in FY19
On March 19, Screwvala had moved the CCI against multiplexes for charging VPF, which, he said, was a significant contributor to revenue and profitability of multiplex chains
Screwvala, an entrepreneur, has said there is "nothing slanderous or malicious," in his complaint to the Competition Commission of India (CCI) about multiplex operators
PVR added 123 screens across 27 properties during the current financial year
The stock was up 2% at Rs 1,643, trading near its all-time high of Rs 1,660 recorded on April 28, 2017, in the intra-day trade.
The multiplex operator said voting through e-voting will be held between December 31 to January 29, 2019, and the results will be announced on January 30, 2019
According to PVR's CFO Nitin Sood, PVR is targeting the markets which are just opening up, like Saudi Arabia