Why is PVR stock rising?
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Why is PVR stock rising?
Speaking on the reason for PVR and Inox Leisure share price rally; Avinash Gorakshkar, Head of Research at Profitmart Securities said, “PVR and Inox shares are rising due to the Maharashtra State Government’s announcement to open cinema theaters from 22nd October 2021.
Stock prices change everyday by market forces. If more people want to buy a stock (demand) than sell it (supply), then the price moves up. Conversely, if more people wanted to sell a stock than buy it, there would be greater supply than demand, and the price would fall. Understanding supply and demand is easy.
What causes stock shares to go up and down?
The Basics: Supply and Demand This is how it works with stocks, too. If there is a greater number of buyers than sellers (more demand), the buyers bid up the prices of the stocks to entice sellers to sell more. If there are more sellers than buyers, prices go down until they reach a level that entices buyers.
What is the target price for PVR for March 2022?
Pvr target prediction for March 2022 are 1976.59, 1702.48, 1428.37 on the upside, and 679.31, 953.42, 1227.53 on the downside. First upside target and first downside targets are best & worst case scenarios respectively.
Will PVR’s performance recover post-covid-19?
Further, Kotak said PVR’s performance is largely linked to content quality and weak macro has a modest impact on the operating performance. Hence, recovery in footfalls is expected post-Covid-19 even in case of some incremental weakness in macro, the brokerage added.
Is PVR’s recent price correction an exciting entry point?
Meanwhile, IDFC Securities believed that the recent price correction in PVR offers an extremely exciting entry point. The brokerage said the coronavirus pandemic would impact just 1-year cash flow and is not a potential permanent damage for the company. IDFC Securities has cut FY20-21 EBITDA estimates for PVR by 13-37\%.
Why IDFC Securities and Kotak Institutional Equities upgraded PVR stock?
Kotak Institutional Equities and IDFC Securities have upgraded the PVR stock given the recent correction in the share price. Kotak now has a ‘buy’ rating on the stock compared with ‘reduce’ earlier with a target of Rs 1,800 per share. Meanwhile, IDFC Securities has an ‘outperform’ rating with a target at Rs 1,809 per share.