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Buy PVR, target Rs 1400: Dr CK Narayan

Buy PVR Ltd. at a price target of Rs 1400.0 and a stoploss at Rs 1370 from entry point.

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Last Updated: Sep 14, 2018, 09.18 AM IST
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Dr CK Narayan of Chart Advise has a buy call on PVR Ltd. with a target price of Rs 1400. The current market price of PVR Ltd. is Rs 1387.6 Time period given by the analyst is Intra Day when PVR Ltd. price can reach the defined target. Dr CK Narayan recommended to keep stoploss at Rs 1370. PVR Ltd., incorporated in 1995, is a midcap company with a market cap of Rs 6485.45 crore.

PVR Ltd. key Products/Revenue Segments include Income From Films which contributed Rs 1125.64 Crore to Sales Value (56.22 % of Total Sales), Beverages & Food which contributed Rs 550.54 Crore to Sales Value (27.49 % of Total Sales), Income From Advertisement which contributed Rs 245.02 Crore to Sales Value (12.23 % of Total Sales), Fees & Other Charges which contributed Rs 58.15 Crore to Sales Value (2.90 % of Total Sales), Other Operating Revenue which contributed Rs 12.76 Crore to Sales Value (0.63 % of Total Sales) and Rent which contributed Rs 9.90 Crore to Sales Value (0.49 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-06-2018, the company has reported a Consolidated sales of Rs 696.27 Crore, up 19.04 % from last quarter Sales of Rs 584.90 Crore and up 9.37 % from last year same quarter Sales of Rs 636.60 Crore Company has reported net profit after tax of Rs 52.22 Crore in latest quarter. The company’s top management includes Mr.Ajay Bijli, Mr.Amit Burman, Mr.Sanjai Vohra, Mr.Sanjay Khanna, Mr.Sanjeev Kumar, Mr.Vikram Bakshi, Mr.Vishal Mahadevia, Ms.Renuka Ramnath. Company has S R Batliboi & Co. LLP as its auditoRs As on 30-06-2018, the company has a total of 46,738,588 shares outstanding.

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