With the recent movies getting succeeded at pan India level from past 2–3 months and with the theaters being filled with the audiences, the shares of PVR Inox are raising continuously. For the past 3 months, the share price was raised by more than 25%. Films like Gadar 2, Jailer, OMG 2 and the recently released films are performing exceptionally well, and it will continue as big releases are coming in the following months like Jawan, Salaar etc.
The price of the PVR Inox shares recorded a satisfactory recovery, as the stock jumped by more than 26% over the past three months. The PVR Inox equity rally is part of the hope to strengthen revenues on the back of solid box office collections of recent films.
Despite being mostly flat in 2023 so far, PVR Inox shares have started to gain momentum since the beginning of Q2FY24. PVR shares have risen over 15% in the last one month.
The July-September quarter started well, with movies like Mission Impossible – 7 and Oppenheimer doing well at the box office. Subsequently, Sunny Deol’s Gadar 2 and Rajinikanth’s Jailor shook the box office with collections over 400 crore and 500 crores, respectively.
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