It can become a proxy play for consumption story in India.Also seeing strong pipeline of big banner Bollywood movies for rest of the year it is set gain higher footfalls.
Cinemax acquisition would give them some kind of pricing power.
PVR is Trading at 23 P/E as against industry average of 29.
Hence fundamentally becomes a strong buy with target of Rs.450.
When Nifty making new 52 week lows this stock is marching towards all time high.
Now let us analyse it technically,
As we can observe massive base buiding going on since 2009 is on verge of breaking out on upside.This is rounding bottom pattern.Targets for close above 370 levels are Rs.650 but in next 2-3 years.
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