INOX LEISURE LIMITED
JV Ventures forays into healthcare-dedicated infrastructure platform; plans to open 75 centres in next 5 years
JV Ventures diversifies into healthcare infrastructure with The Medical Centre (TMC), investing $600 million for 75 centers. Raja Jain appointed CEO. Vishal Goel and Jasmeet Singh Chhabra express optimism. TMC to offer specialized services in major Indian cities.
Stock picks of the week: 4 stocks with consistent score improvement and upside potential of up to 27%
After the recent hit, there has been a bounce back in Nifty and sensex. Along with them there has also been an improvement in the market breadth But not enough to say that bears have once again have been beaten. At this point of time, one cannot rule out more profit booking which might emerge from global factors. The probability that the damage to stock prices in the mid-cap segment is still higher cannot be ruled out. In such times, if one is taking fresh exposure to equity, ensure that there is some level of quality as far as the business and fundamentals are concerned. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
NCLAT dismisses appeal to investigate PVR-INOX merger
The National Company Law Appellate Tribunal on Thursday dismissed the appeal filed by Consumer Unity and Trust Society, a think tank, asking the Competition Commission of India to investigate the PVR-INOX merger. The senior counsel for CUTS had argued that given the merged entity controls over half of the screens in the country, the merger could have an appreciable adverse effect on competition (AAEC), which could be detrimental to consumers.
These 6 midcap stocks with ‘strong buy’ & ‘buy’ ratings can rally over 25%, say analysts
For all those who are busy guessing how things will pan out for markets in the short term due to evolving news flow. A small reminder, every event has a shelf life and the moment the new event and news flow gets over, it all comes down to earnings of the companies. We are now approaching the end of the earning season. Majority of the companies which have decent enough trading volumes have given their results. There was little positive surprise, but management commentary in a number of cases was more positive. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.
These 8 midcap stocks with ‘strong buy’ & ‘buy’ ratings can rally over 25% during volatile Q3 earnings season
In earning seasons equity markets tend to be volatile. Especially at the time when large companies are announcing their quarterly results, volatility quotient tends to see a spike. It is no different this time and given the valuation street is punishing stocks which are missing analyst estimates. At the same time there are stocks, where analysts are positive and projected returns are high. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.
These midcaps with ‘strong buy’ and ‘buy’ ratings have upside potential of more than 25%
ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.
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6 midcap stocks, 3 with 'Strong Buy' and 3 with 'Buy' recommendations, have potential upside of up to 35%
An agro chem company to niche pharma player to mid sized bank focussed on southern Indian markets have seen an improvement in the score in otherwise volatile markets. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists down stocks which fulfill the various criteria as specified into the algorithms & filters.
Ahead of Dilip Kumar’s 100th birth anniversary, theatres pin hopes on ‘Hero of Heroes’ festival
PVR opened the advance booking for the festival on December 3.
Big league beckons: Esporting in India fast approaches a turning point
In February, INOX Leisure, India’s second largest multiplex chain that has presence in 71 cities, and the Esports Federation of India (ESFI) entered into a partnership to popularise it in the country. By offering its cinemas as the coliseum to watch video games, INOX could provide a communityviewing experience of tournaments on the big screen — and change its fortunes.
Ajay Bijli and Siddharth Jain decode PVR-Inox mega blockbuster deal
“There is the danger of languishing behind if we do not come together and come at par with China and the US which do not have that many movies but their box office collections are much higher, number of screens are much higher, 40,000 in the US, 70,000 in China. We are still at about 9,500 screens. The rationale is to bring our strengths together to give a boost to this industry.”
What PVR-INOX merger means for investors in the two stocks
PVR-INOX merger offers compelling synergy, said CLSA, which has retained a Buy rating on both the stocks.
Buy Inox Leisure, target price Rs 362: ICICI Securities
Inox Leisure Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 3845.73 Crore) operating in Media & Entertainment sector.
Hope trade sends PVR, Inox soaring; but will that story really play out?
Unlike hotels and resorts, where people will flock once again after vaccinations, Covid may have made a behavioural shift among cinema goers in favour of OTT platforms.
Heard of revenge spending? That’s the hottest theme for stock picking now
Declining Covid cases and a rapid vaccination drive have boosted investor confidence in this pocket, as they expect the situation to be much better in a few months.
Nolan’s ‘Tenet’ brings back hope for multiplexes, collects Rs 4.5 crore in debut weekend
Many cinema screens reported ‘sold out’ shows, up to the permissible 50% capacity in the first weekend. Being the first blockbuster to release after the post-Covid induced lockdown, experts were expecting the film to collect upwards of Rs 2 crore during the first weekend.
What will drive the index higher as we head into New Year?
Next one year, midcaps or smallcaps will continue to outperform in domestic consumption and construction themes, says Amisha Vora.
Inox Leisure Q2 results: Posts net loss of Rs 68 cr
Revenue from operations was down 99.93 per cent to Rs 36 lakh during the quarter under review as against Rs 519.94 crore in the corresponding quarter last fiscal.
Stocks in the news: Tata Motors, Berger Paints, HPCL, Adani Enterprises, PVR, Inox Leisure & Adani Power
Oil marketing player Hindustan Petroleum Corporation Limited (HPCL) on Wednesday said the board has approved the proposal to buyback 10 crore shares, or 6.56 per cent equity stake, at Rs 250 per share.
Multiplexes still awaiting approval from state governments to resume operations
Though the Ministry of Home Affairs (MHA) has given its go-ahead to resuming cinema and theatre activities under Unlock 5.0, it has left for the states to take a final call in this regard.
CM Yogi Adityanath inaugurates UP's biggest oxygen plant to aid medical supplies
Uttar Pradesh Chief Minister Yogi Adityanath Thursday inaugurated a new state-of-the-art cryogenic oxygen plant, the biggest in the state, which will help with supplies in hospitals.
Multiplex chains plan to reduce ticket prices after re-opening to bring back cinema goers
While both operators declined to share the quantum of discount, officials said ticket prices could be cut by 10-15%. Mutiplex chains are also in talks with mall operators for rental relief.
The battle for Bollywood gets fierce as OTT & theatres lock horns in post-Covid world
The hallowed silver screen may be losing its shine to streaming services and pandemic fears.
Buy Inox Leisure, target price Rs 357: Emkay Global
The stock price correction has factored in a weak Q4 while uncertainty relating to Covid-19 spread in Q1FY21 stays. Taking this into account, the brokerage has recommended staggered buying in Inox.
China's Yingde Gases to set up Indian subsidiary NovaAir
Backed by Asia's largest alternative investment fund PAG, Yingde plans to invest more than $1 billion in India over the next five years to pursue organic and inorganic opportunities, a senior official said. It will invest $3 billion in India and China during that period. In the shorter term, Yingde will invest another $100 million in India, officials said.
Target price upside for these stocks puts them in play
Stocks have seen a sharp increase in their target price in the last 30 days.
Quality matters, go for stocks with growth visibility: Pankaj Pandey
We have turned neutral on auto as a pack, banking on two media stocks.
Bhumika Group leases 1 lakh sq ft area in Udaipur mall to Shoppers Stop, INOX & other retailers
The logistic firm has forayed into real estate and is developing a mixed use project at Udaipur with an investment of Rs 300 crore.
Inox Leisure to bring in ScreenX to India
ScreenX technology offers advanced multi-projection system to expand view on three walls of the theatre.
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