PVR an outperformer: Karvy Stock Broking
Karvy Stock Broking has rated PVR as an outperformer with a target price of Rs 153 in its June 2, 2009 research report.
“Apart from PVR Pictures, the rest of the subsidiaries commenced operations in FY09 and are getting stabilized. FY10 will also see a full year of operations of these subsidiaries and will boost the topline of the company, inspite of a worst Q1 FY10. We believe that PVR is one the frontline multiplex stocks with a better diversified business in terms of providing lifestyle entertainment (apart from just filmed entertainment) and deserves a premium over its counterparts. With the markets showing a better PE multiple and the producer – exhibitor spat nearing an end, we believe that PVR stands to benefit. Hence we have increased our target on PVR from Rs 102 to Rs 153. However the stock has run up sharply in the last two weeks and we rate the stock as an Outperformer at current levels,” says Karvy Stock Broking’s research report.
source: Moneycontrol
Tags: brokerage tips, Karvy Stock Broking, nse bse tips, outperformer stocks, pvr, share market india
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