PVR rises on big box-office run, likely to see more gains

The stock declined 0.7% to ₹1,698 on Tuesday. Earlier this week, PVR surged to ₹1,744 – the highest level in nearly seven months. Cinema exhibitors have had a turbulent ride in the last three-four years on account of a prolonged shutdown due to the Covid-19 pandemic, audiences’ hesitancy to venture into crowded places, a weak content pipeline and dominance of OTT (over-the-top) platforms.

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