Bank of America (BofA) has maintained its “Buy” rating on PVR Inox, increasing the target price from ₹1,820 to ₹1,860, representing a 15% upside from the current market price (CMP) of ₹1,616.15.
The brokerage firm noted a healthy Q2 performance with in-line revenues and a beat on profitability. Looking ahead, BofA expects an even stronger Q3, supported by an attractive movie release slate, further boosting the company’s growth outlook.
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