We see that hard times await for PVR stock due to social distancing norms that are in place and we do not see it getting removed in the near future.
PVR can save itself from the rentals by invoking the force Majeure clause but how will it convince people to come back to its fold.
Even if it offers them left and right seat vacant, will it help the visitors to get the requisite social distancing space? Moreover, the capacity will be reduced accordingly.
Thus we are of the opinion that one should not start looking for a value buy-in PVR because post lockdown its all expenses will remain constant but will it be able to get viewers to the screen is a big question as this Coronavirus effect is going to be in place for at least next 12 months for sure and in extreme cases till 2024.
They get a BIG CHUNK of their revenue from food and beverages (F&B) as in the lighter mode we can say that movie screening is not their main business but selling popcorn is their original business plan at exorbitant rates. Perforce the movies are long and sometimes people want to combine the movie-going experience with eating and make a complete event out of it and thus succumb to their unethical practices of selling food items at exorbitant rates. As per their MD, Ajay Bijli; 65% of their revenues come from ticket sales and 25-27% come from F&B.
Have a look at the stock chart to see its steep fall. Stock sustaining below 1000 mark means that stock will see new lows every day until some vaccine is found for the Chinese virus aka coronavirus. Do not forget to check precision-guided intraday trading tips and make money making a daily habit.
PVR can save itself from the rentals by invoking the force Majeure clause but how will it convince people to come back to its fold.
Even if it offers them left and right seat vacant, will it help the visitors to get the requisite social distancing space? Moreover, the capacity will be reduced accordingly.
Thus we are of the opinion that one should not start looking for a value buy-in PVR because post lockdown its all expenses will remain constant but will it be able to get viewers to the screen is a big question as this Coronavirus effect is going to be in place for at least next 12 months for sure and in extreme cases till 2024.
They get a BIG CHUNK of their revenue from food and beverages (F&B) as in the lighter mode we can say that movie screening is not their main business but selling popcorn is their original business plan at exorbitant rates. Perforce the movies are long and sometimes people want to combine the movie-going experience with eating and make a complete event out of it and thus succumb to their unethical practices of selling food items at exorbitant rates. As per their MD, Ajay Bijli; 65% of their revenues come from ticket sales and 25-27% come from F&B.
Have a look at the stock chart to see its steep fall. Stock sustaining below 1000 mark means that stock will see new lows every day until some vaccine is found for the Chinese virus aka coronavirus. Do not forget to check precision-guided intraday trading tips and make money making a daily habit.
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