PVR: Dangal mangal



Aamir Khan starrer Dangal added the much-needed muscle to the stock of multiplex operator PVR. Demonetisation blues, that cast a shadow on discretionary spends, had pulled down the PVR stock more than 18 per cent since November 8. But with a nearly 10 per cent gain last week, the stock got back its mojo, thanks to Dangal’s blockbuster opening. The biopic’s box office collection crossed ₹300 crore in a week and it is on its way to become the highest grossing Hindi movie.

This means increased footfalls for PVR, the country’s largest multiplex operator. Several blockbuster releases such as Sultan and Kabali buoyed the stock nearly 44 per cent in 2016, with Dangal being the icing on the cake. After growing manifold in 2015-16, the company’s profit was nearly flat in the half-year ended September 2016. But big releases, consolidation of DT Cinemas and implementation of GST, when it happens, should aid the company’s performance.

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