INOX LEISURE
Inox Wind has all building blocks in place: Devansh Jain, Executive director, InoxGFL Group
Inox Wind reported its first profit in six years for the April-June period, driven by India's push for renewable energy. The company has a 2.9GW order book and net debt zero status. It's looking at future growth, buoyed by government targets and increasing demand for wind energy.
JV Ventures forays into healthcare-dedicated infrastructure platform; plans to open 75 centres in next 5 years
JV Ventures diversifies into healthcare infrastructure with The Medical Centre (TMC), investing $600 million for 75 centers. Raja Jain appointed CEO. Vishal Goel and Jasmeet Singh Chhabra express optimism. TMC to offer specialized services in major Indian cities.
Stock picks of the week: 4 stocks with consistent score improvement and upside potential of up to 27%
After the recent hit, there has been a bounce back in Nifty and sensex. Along with them there has also been an improvement in the market breadth But not enough to say that bears have once again have been beaten. At this point of time, one cannot rule out more profit booking which might emerge from global factors. The probability that the damage to stock prices in the mid-cap segment is still higher cannot be ruled out. In such times, if one is taking fresh exposure to equity, ensure that there is some level of quality as far as the business and fundamentals are concerned. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
PVR Inox records Rs 41 crore net profit in Q3
Revenue grew 6.4% from a year in the quarter to Rs 1,569 crore while expenses increased 7.8% to Rs 1,343 crore. Corporate tax fell 78.5% to Rs 14.2 crore from Rs 66.2 crore a year earlier
Post merger PVR Pictures is now PVR INOX Pictures
According to a statement on Wednesday, PVR INOX Pictures intends to increase investments in content acquisition for the Indian market, and generate further opportunities for under-represented storytellers and independent creators. "With a wider screen network, it will expand its programming and marketing capabilities and create highly innovative experiences, bringing significant value to its partners as well as to its customers," it said.
These 6 midcap stocks with ¡®strong buy¡¯ & ¡®buy¡¯ ratings can rally over 25%, say analysts
For all those who are busy guessing how things will pan out for markets in the short term due to evolving news flow. A small reminder, every event has a shelf life and the moment the new event and news flow gets over, it all comes down to earnings of the companies. We are now approaching the end of the earning season. Majority of the companies which have decent enough trading volumes have given their results. There was little positive surprise, but management commentary in a number of cases was more positive. ET screener powered by Refinitiv¡¯s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of ¡°buy¡± or "strong buy". This predefined screener is only available to ET Prime users.
Inox posts net loss of Rs 40 cr in Q3
During the quarter, Inox received footfalls of 15.3 million people which translated to an occupancy rate of 23% on the back of blockbuster films like Avatar: The Way of Water, Kantara, Ponniyin Selvan: Part 1 and Drishyam 2.
These 8 midcap stocks with ¡®strong buy¡¯ & ¡®buy¡¯ ratings can rally over 25% during volatile Q3 earnings season
In earning seasons equity markets tend to be volatile. Especially at the time when large companies are announcing their quarterly results, volatility quotient tends to see a spike. It is no different this time and given the valuation street is punishing stocks which are missing analyst estimates. At the same time there are stocks, where analysts are positive and projected returns are high. ET screener powered by Refinitiv¡¯s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of ¡°buy¡± or "strong buy". This predefined screener is only available to ET Prime users.
NCLT grants approval to PVR-Inox merger scheme
"We would like to inform you that Hon¡¯ble National Company Law Tribunal (NCLT), Mumbai Bench, has allowed the Proposed Scheme today i.e., 12th January 2023. The copy of the detailed order is awaited and the same shall be disclosed to the Stock Exchanges as and when received by the Company," PVR said in a filing to the BSE.
These midcaps with ¡®strong buy¡¯ and ¡®buy¡¯ ratings have upside potential of more than 25%
ET screener powered by Refinitiv¡¯s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of ¡°buy¡± or "strong buy". This predefined screener is only available to ET Prime users.
6 midcap stocks, 3 with 'Strong Buy' and 3 with 'Buy' recommendations, have potential upside of up to 35%
An agro chem company to niche pharma player to mid sized bank focussed on southern Indian markets have seen an improvement in the score in otherwise volatile markets. ET screener powered by Refinitiv¡¯s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists down stocks which fulfill the various criteria as specified into the algorithms & filters.
Will Covid resurgence impact Indian stocks in 2023? Here's a two-face analysis
Rising Covid cases in China and the chances of new BF.7 Omicron sub-variant's rapid spread in India have left a section of investors a worried lot. Domestic brokerage Motilal Oswal sees Covid to faint into a non-event in 2023 and believes that a mild spread of the infection won't have a debilitating impact on stocks.
Market share gain after the pandemic
The shift was largely because of two reasons. First, some of the small and mid-sized players, especially in the unorganised sector, shut down due to the lack of adequate liquidity to sustain operations. Two: there was a heightened need among consumers to prefer trusted, well-known brands and companies.
Stocks in the news: SBI, Wipro, Tata Motors, IRCTC, Power Grid and multiplexes
State Bank of India said its board has approved Rs 10,000 crore capital raising plan through Tier I bonds. The fund raising through Additional Tier 1 capital up to an amount of Rs 10,000 crore is subject to approval from the government.
Ahead of Dilip Kumar¡¯s 100th birth anniversary, theatres pin hopes on ¡®Hero of Heroes¡¯ festival
PVR opened the advance booking for the festival on December 3.
Buy Inox Leisure, target price Rs 630: ICICI Securities
Inox Leisure Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 6209.32 Crore) operating in Media & Entertainment sector.
Analysts see some respite for multiplexes on their bumpy road to recovery
Brokerage firms remain divided whether the situation is a glass half full or half empty. They see challenges for the sector amid the signs of revivals, and some suggest an action plan which may push the sector back on track.
PVR and Inox shares likely to gain
According to multiplexes, footfalls and theatre occupancy continue to be 20% lower than their pre-Covid levels, which is the problem area for the industry. To drive footfalls, they have joined forces to celebrate a National Cinema Day this Friday, offering tickets at ?75. As of Wednesday, 4,000-plus screens are about to participate, including PVR and Inox.
PVR, Inox Leisure rally up to 7% as CCI rejects complaint against proposed merger
CCI on Tuesday rejected a complaint against the proposed merger of multiplex chains PVR and INOX Leisure, saying apprehension of likelihood of anti-competitive practices by an entity cannot be a subject of probe
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