Technical Chart Analysis
-
PVRINOX showed a strong move, closing at 1127.30 after opening at 1095 and hitting a high of 1133.5. The long green candle with high volume signals renewed bullish momentum.
-
Price reclaimed all major near-term moving averages (14/20/50 EMA/SMA) and broke out above recent resistance.
-
RSI(14): 55.7, trending upwards; bullish but not yet overbought.
-
MACD: Bullish crossover is active; momentum surge confirmed.
-
Parabolic SAR: Dots shifted below candles—clear reversal signal.
-
Immediate resistance is at 1135–1145, support at 1090–1080.
Fundamental View & Figures (Q2 FY25/latest)
-
Market Cap: ₹11,082 crore.
-
Intrinsic Value: Estimated ₹1,935.98 vs current price ~₹1,127, trading at ~42% discount, indicating attractive value zone.
-
P/E (TTM): Negative, as company has faced losses due to post-pandemic impacts and high operating costs.
-
P/B Ratio: 1.54x, healthy for sector.
-
Sales (TTM): ₹6,058 crore; EBITDA margin: ~31% (recent contraction due to slower footfalls).
-
PAT (Q2 FY25): Loss of ₹12 crore (Q2); loss narrowed vs last year. Revenue fell 19% YoY to ₹1,622 crore.
-
Admits (Q2): 38.8 million vs 69.2 million H1; ATP: ₹257, SPH: ₹136.
-
Total Screens: 1,747 screens, 356 cinemas, India’s largest multiplex chain.
-
Debt Status: Net debt reduced by ₹1,409 crore to ₹12,940 crore since March 2024.
Why Did the Stock Move So Much?
-
Technical breakout above major moving averages after weeks of consolidation.
-
Strong Q2 recovery signals from cinema/screen earnings; revenue and profit loss narrowed, showing improved operational control.
-
Surge in festive footfalls and popular film releases drove optimism.
-
New screens opened, ATP and SPH indicators improved, suggesting higher monetization.
News, Event Flow & Impact
-
CCI Investigation:
Competition Commission of India (CCI) has initiated a probe into PVRINOX’s virtual print fee (VPF) practices, after complaints of unfair charges harming producers.-
Investigation outcome could affect future fee structure, but not immediate footfall or ticket revenue.
-
-
Quarterly Results:
Q2 FY25 in focus—losses narrowed; revenue contraction due to slower film slate in September, but festive/Diwali releases expected to boost Q3 volumes. -
Upcoming Trend:
Increased number of movie releases, promotions, and festivals (Diwali, Christmas) could lead to higher admission and top-line growth in the next quarter.
Buy Levels & View
-
Is it buyable?
Yes, dips toward 1100–1110 (closer to 20/50 EMA) can be considered for accumulation with stoploss at 1080. If the stock sustains above 1135, next short-term targets are 1165–1190. -
Short-Term:
Bullish reversal confirmed above moving averages, momentum likely to sustain if volume remains high. -
Long-Term:
Structural positives—India’s largest screen/networks, post-pandemic footfall rebound, cost management—suggest value for long-term investors, though regulatory investigation and quarterly losses require moderate allocation and review.
Disclaimer & Disclosure
This analysis is meant for informational purposes only, not investment advice. All data are based on market filings and public releases; accuracy can’t be guaranteed. Consult a financial advisor before making decisions. All investing involves capital risk; views are personal research and must not be redistributed without permission.Daily Chart Analysis on PVRINOX at 04102025