Inox Leisure, PVR shares hit an all-time high. do you have

According to Share Market Shares of experts, PVR and INOX are skyrocketing after the SEBI approval, paving the way for the creation of India’s largest multiplex chain with a network of over 1500 screens across India. The deal has been done in share swap mode where INOX will be merged with PVR and three PVR shares will be available for 10 shares of INOX. Stock market experts say that buy PVR shares at current levels with a gain of about 25 to 30 per cent in the next six months, as the unlocked theme is also in favor of movie and multiplex business. However, for smaller investors, he said, one can look at the UFOP Movies stocks that are floating around. 100 level and it is well below its 52-week high.

Speaking on the reason for the continued rise in PVR, INOX shares, Ravi Singhal, CEO, GCL Securities said, “After SEBI’s nod for INOX PVR merger, the new multiplex chain emerging out of the merger will have more than 80 per cent of the multiplexes. Market share, which is almost near monopoly. The market is highly bullish on PVR stocks as multiplex stocks are expected to leapfrog across the time horizon.”

“After this strong fundamental development following SEBI’s nod for merger, the unlocked theme is also favoring PVR and INOX stocks. In fact, the entire sector is on an uptrend and those who cannot afford 2000 PVR stock, they can see UFO Movies India shares, which is trading below 100 and the stock is trading at a discounted price as it hit its 52-week high 138.70 on NSE,” said Avinash Gorakshakar, Head of Research, Profitmart Securities.

Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.

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