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Buy PVR, target Rs 1,710: Dr CK Narayan

Buy PVR Ltd. at a price target of Rs 1710.0 and a stoploss at Rs 1675 from entry point.

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Last Updated: Jul 11, 2019, 08.58 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 1710. The current market price of PVR Ltd. is Rs 1700.35. 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 1675. PVR Ltd., incorporated in 1995, has a market cap of Rs 7947.20 crore.

PVR Ltd. key Products/Revenue Segments include Income From Films which contributed Rs 1508.81 Crore to Sales Value (54.93 % of Total Sales), Beverages & Food which contributed Rs 757.02 Crore to Sales Value (27.56 % of Total Sales), Income From Advertisement which contributed Rs 329.02 Crore to Sales Value (11.97 % of Total Sales), Fees & Other Charges which contributed Rs 133.95 Crore to Sales Value (4.87 % of Total Sales), Other Operating Revenue which contributed Rs 16.30 Crore to Sales Value (0.59 % of Total Sales) and Income from Films Production & Distribution which contributed Rs 1.59 Crore to Sales Value (0.05 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 31-03-2019, the company has reported a Consolidated sales of Rs 837.63 Crore, down -.65 % from last quarter Sales of Rs 843.11 Crore and up 43.21 % from last year same quarter Sales of Rs 584.90 Crore Company has reported net profit after tax of Rs 48.42 Crore in latest quarter. The company’s top management includes Mr.Ajay Bijli, Mr.Amit Burman, Mr.Sanjai Vohra, Mr.Sanjeev Kumar, Mr.Vikram Bakshi, Mr.Vishal Mahadevia, Ms.Deepa Misra, Ms.Renuka Ramnath. Company has BSR & Co. LLP as its auditoRs As on 31-03-2019, the company has a total of 46,738,588 shares outstanding.

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