INOX LEISURE LTD
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.
PVR Inox records Rs 41 crore net profit in Q3
Revenue grew 6.4% from a year in the quarter to Rs 1,569 crore while expenses increased 7.8% to Rs 1,343 crore. Corporate tax fell 78.5% to Rs 14.2 crore from Rs 66.2 crore a year earlier
December 2023 was the best month we have ever has: Ajay Bijli, PVR Inox
The CFO and MD of PVR Inox discuss the Q3 performance and plans going ahead. The decline in profitability was due to the impact of the World Cup in October and November. The Rs 35 crore provision write back was related to the closure of properties. The merger-related revenue benefits and cost synergies are already being extracted. The movie lineup includes films starring Ajay Devgn, Shahid Kapoor, Akshay Kumar, Tiger Shroff, Aamir Khan, and big South movies. The F&B segment has seen growth, and advertising revenue is picking up. India's box office revenue has surpassed pre-Covid levels.
Post merger PVR Pictures is now PVR INOX Pictures
According to a statement on Wednesday, PVR INOX Pictures intends to increase investments in content acquisition for the Indian market, and generate further opportunities for under-represented storytellers and independent creators. "With a wider screen network, it will expand its programming and marketing capabilities and create highly innovative experiences, bringing significant value to its partners as well as to its customers," it said.
PVR-Inox draws up Rs 850-crore expansion plan
As part of the action plan, the merged company will focus on integrating human resources, technology and operations, and once the integrations are complete, it will focus on unlocking cost and revenue synergies, said Bijli. They expect the synergy benefit to come from areas like box office, food & beverage and advertising in terms of revenue.
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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.
Inox posts net loss of Rs 40 cr in Q3
During the quarter, Inox received footfalls of 15.3 million people which translated to an occupancy rate of 23% on the back of blockbuster films like Avatar: The Way of Water, Kantara, Ponniyin Selvan: Part 1 and Drishyam 2.
Pathaan crosses ₹200 cr in global box office collections in 2 days of release
Shah Rukh Khan-starrer Pathaan has garnered ₹219.6 crore in gross box collections globally in the first two days of its release, a new record for Hindi films, data provided by Yash Raj Films (YRF) on Friday showed.
'Pathaan' Advance Bookings: BookMyShow records over 1 million bookings, while INOX stands at 2.75 lakh
Shah Rukh Khan's forthcoming movie "Pathaan" appears to be a blockbuster as the action thriller has recorded over 1 million bookings on BookMyShow and 2.75 lakhs at INOX.
Rahul Shah is bullish on these 2 sectors for next week
Obviously next week also we are in expiry. Monthly expiry is coming up that is why we are seeing that markets have been quiet since the last three-four sessions. So, the sector on my radar is financials and within the financials also PSU banks.
NCLT grants approval to PVR-Inox merger scheme
"We would like to inform you that Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench, has allowed the Proposed Scheme today i.e., 12th January 2023. The copy of the detailed order is awaited and the same shall be disclosed to the Stock Exchanges as and when received by the Company," PVR said in a filing to the BSE.
Fawad Khan & Mahira Khan-starrer 'The Legend of Maula Jatt' will come to India soon
It may be the first film from Pakistan in over a decade to get a theatrical release.
Completion of PVR-Inox merger likely within this fiscal, says Ajay Bijli
Under the all-stock amalgamation deal, Inox will merge with PVR. The promoters of Inox will become co-promoters in the merged entity along with the existing promoters of PVR.
PVR-Inox merger deal: Final NCLT hearing on January 12
"The NCLT has posted the PVR-Inox merger application for final disposal on January 12, 2023. All the regulatory authorities have filed their reports to the NCLT," a source close to the development said.
Stocks in the news: SBI, Wipro, Tata Motors, IRCTC, Power Grid and multiplexes
State Bank of India said its board has approved Rs 10,000 crore capital raising plan through Tier I bonds. The fund raising through Additional Tier 1 capital up to an amount of Rs 10,000 crore is subject to approval from the government.
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.
Multiplexes gear up for a blockbuster second half of FY23 after a muted first half
ICRA expects multiplexes to improve profitability. It estimates that multiplex companies will record 16-18% margins in the second half of FY23 compared with 12-13% in the first half. For FY23, margins are expected to be between 14 and 16%.
Buy Inox Leisure, target price Rs 630: ICICI Securities
Inox Leisure Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 6209.32 Crore) operating in Media & Entertainment sector.
PVR, Inox Leisure shares rally on strong box office collections for Brahmastra
Apart from this, multiplex operator PVR has convened a meeting of its shareholders as well as creditors on October 11 to seek their approval for the scheme of merger with Inox Leisure, pursuant to the order of the National Company Law Tribunal's Mumbai Bench.
PVR to seek nod from shareholders, creditors on Oct 11 for merger with INOX
PVR has called a meeting of its shareholders and creditors on October 11 to seek their approval for the scheme of mega merger, pursuant to the order of the National Company Law Tribunal's Mumbai Bench, according to a stock exchange notification. The meeting of the equity shareholders will be held through video conferencing at 11:30 a.m. and the meeting of secured creditors of the company will be held physically at 3:00 p.m.
Buy Inox Leisure, target price Rs 695: Emkay Global
Inox Leisure Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 6182.41 Crore) operating in Media & Entertainment sector.
Buy Inox Leisure, target price Rs 699: Prabhudas Lilladher
Inox Leisure Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 6182.41 Crore) operating in Media & Entertainment sector.
Buy Inox Leisure, target price Rs 699: Prabhudas Lilladher
Inox Leisure Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 6164.67 Crore) operating in Media & Entertainment sector.
Buy Inox Leisure, target price Rs 699: Prabhudas Lilladher
Inox Leisure Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 6260.09 Crore) operating in Media & Entertainment sector.
Non-profit group approaches CCI against proposed PVR-INOX Leisure merger
On March 27, PVR and INOX Leisure announced the merger to create the largest multiplex chain in the country with a network of more than 1,500 screens to unlock the opportunities in tier III, IV and V cities, besides in the developed markets.
Buy Inox Leisure, target price Rs 699: Prabhudas Lilladher
Inox Leisure Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 7384.39 Crore) operating in Media & Entertainment sector.
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