Synopsis
Back-to-back blockbusters, well timed with public holidays, are bringing back footfall to cinemas. Not just Hindi films, but even international movies have attracted audiences in theatres in the past three months, thereby lifting PVR Inox stock by 26%. While a recency bias is making investors feel optimistic about the business, there are concerns.
The recent months have been a treat for cinegoers who flocked the theatres to their heart’s content. From revisiting childhood memories with Barbie, reliving the euphoria of Sunny Deol uprooting a hand pump while screaming “Hindustan Zindabad” in Gadar 2, and witnessing a slice of history with Oppenheimer, the past three months have been action-packed for multiplex owners with PVR Inox rallying 26% as against Nifty 50’s 4% gain. Analysts ET
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