PVR Inox share price climbed nearly 3% intraday to hit a 52-week high on the BSE on Thursday, 22 October. Defying weak stock market sentiment and looking set to extend its gains for the fifth consecutive session, PVR Inox shares opened at ₹1,419.95 against their previous close of ₹1,417.35 and rose 2.9% to a 52-week high of ₹1,457.90.
The stock is witnessing healthy buying interest ahead of its September quarter (Q2FY27) results, due on 28 October.
The stock has been on a solid uptrend lately, rising 45% in the last six months. Year-to-date, the cinema stock has gained 41%, while over the last one year, it has given a return of 24%, hitting a 52-week high today (22 October) and a 52-week low of ₹900.05 on 2 March.
According to brokerage firm Motilal Oswal Financial Services, PVR is benefiting from a more diversified content mix, with improvement in the mid-budget Bollywood slate, recovery in Hollywood, and steadily improving regional content.
Further, the brokerage firm added that the company’s robust cost controls and merger synergies have led to improvement in screen economics and led to significant deleveraging over the last few years.