เพิ่มขึ้น

1.618, after each correction that leads to Rs.3000

ที่อัปเดต:
Entertainment industry is an ever lasting industry.
PVR is an amazing share with very good potential in it.

Even though INOX is a competitor, it doesn't have the potential.
Personally, I prefer going to PVR rather than INOX to watch a movie and so does the people in INDIA
Lets see what the numbers say & numbers never lie:
PVR , with 831 screens and a seating capacity of 178,000, generated revenue of Rs .3,452.23cr and EBITDA of Rs .1,113.83cr
INOX with 626 screens and a seating capacity of 144,467, generated revenue of Rs .1,914.61cr and EBITDA of Rs .614.01cr
If we consider INOX having the seating capacity of 178,000, derived revenue will be Rs .2,359cr and EBITDA will be just Rs .756cr
PVR is planning on expanding the screens

Now coming to technical,
With every correction, PVR is reaching fresh highs above 1.618 FIB levels and starts correcting.
PVR reached 1469 in August with a hope of opening of theaters.
Now that the theaters are opened and we can have a target 0.618 FIB Ret Level at Rs .1559.
Final target of 1.618 FIB Ret level will be 3000 once the vaccine is out.
Keeping 3000 as target, 1300 cost as of now is really a better price.

Buy PVR now and hold for long.

One more thing, around 9% of shareholdings of FIIs & MFIs were flown out due to lockdown.
Now, that 9% will be taken back soon

You can download the investor presentation available on NSE INDIA website using below link: (add "https://") archives.nseindia.com/corporate/PVR_03112020182149_PVRInvestorPresentation03112020. pdf
บันทึก
PVR added 4 screens yesterday. Good to hear about the expansion.
บันทึก
PVR is not ready for the upside move.
accumulate in dips,
New updated idea on PVR posted.
Please check it
Beyond Technical Analysis

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