Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  MUMBAI STOCK EXCHANGE  >  INOX Leisure Limited    532706   INE312H01016

INOX LEISURE LIMITED

(532706)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

Multiplex stocks jump as India, home to Bollywood, allows theatres to reopen

share with twitter share with LinkedIn share with facebook
10/01/2020 | 02:24am EDT
Cinema-goers wait to collect their tickets at a PVR Multiplex in Mumbai

Shares of India's two largest multiplex operators PVR Ltd and Inox Leisure Ltd surged in morning trading on Thursday, after the government said it would allow states to reopen movie theatres at half their capacity from Oct. 15 after remaining shut for six months.

PVR's shares rose as much as 15% to 1395.15 rupees, while Inox surged 17.6% to 318 rupees, pushing the Nifty media index up 4.3%.

About 9,500 theatres have remained shut since the nationwide coronavirus lockdown started in late March. Movie industry representatives in Bollywood have said it would take at least two years for them to recover financially from the pandemic, putting tens of thousands of jobs at risk.

Industry executives and analysts said the move to reopen would help tap pent-up demand, especially as India heads towards a busy festive season, which culminates with Diwali.

"Pent-up demand will kick in as more movies release Diwali onwards", said Keshav Lahoti, equity analyst at Angel Broking.

Many big-budget Bollywood movies have been getting pushed to the next fiscal year, as falling box-office collections made production houses face a liquidity crunch. Streaming services such as Netflix Inc and Amazon Prime have stepped up releases of original shows and movies.

"As the situation improves and with the festive season upon us, we are confident that films will return to the big screen," said Ashish Saksena, a senior executive at ticket booking site BookMyShow.

The federal government's announcement comes just days after the state of West Bengal said it would allow cinema halls and open-air theatres to operate in the state from Oct. 1 with a limited number of participants.

PVR's shares were trading up 9.3%, while those of Inox were up 7.5% at 0556 GMT. Movie distributor UFO Moviez India Ltd's shares rose 6.6% to 80 rupees.

By Vibhuti Sharma


Stocks mentioned in the article
ChangeLast1st jan.
INOX LEISURE LIMITED -0.47% 265.55 End-of-day quote.-30.35%
NETFLIX, INC. -6.92% 489.05 Delayed Quote.51.14%
PVR LIMITED -0.04% 1206.65 Delayed Quote.-35.25%
UFO MOVIEZ INDIA LIMITED -0.82% 72.85 End-of-day quote.-42.59%
share with twitter share with LinkedIn share with facebook
All news about INOX LEISURE LIMITED
10/01Sensex, Nifty rise over 1%; multiplexes, autos surge
RE
10/01Multiplex stocks jump as India, home to Bollywood, allows theatres to reopen
RE
09/28Nifty, Sensex end higher as banks surge on government support hopes
RE
09/28Indian shares end higher as banks surge on government support hopes
RE
2019INOX LEISURE LTD : Ex-dividend day for interim dividend
FA
More news
Financials
Sales 2021 7 285 M 99,0 M 99,0 M
Net income 2021 -2 030 M -27,6 M -27,6 M
Net Debt 2021 29 170 M 396 M 396 M
P/E ratio 2021 -12,0x
Yield 2021 0,13%
Capitalization 26 159 M 356 M 355 M
EV / Sales 2021 7,59x
EV / Sales 2022 2,93x
Nbr of Employees 2 256
Free-Float 46,5%
Chart INOX LEISURE LIMITED
Duration : Period :
INOX Leisure Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends INOX LEISURE LIMITED
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 299,38 INR
Last Close Price 265,55 INR
Spread / Highest target 37,1%
Spread / Average Target 12,7%
Spread / Lowest Target -11,5%
EPS Revisions
Managers
NameTitle
Alok Tandon Chief Executive Officer
Pavan Kumar Jain Chairman
Rajeev Patni Chief Operation Officer
Kailash Gupta Chief Financial Officer
Jitender Verma Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
INOX LEISURE LIMITED-30.35%358
WANDA FILM HOLDING CO., LTD.-10.30%5 068
HENGDIAN ENTERTAINMENT CO., LTD.-9.30%1 621
CINEMARK HOLDINGS, INC.-74.45%1 009
PVR LIMITED-35.25%906
KINEPOLIS GROUP SA-61.82%718