UBS on PVR Share Price : Buy or Sell

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UBS on PVR

Maintain Buy; lower price target from Rs2,000 to Rs1,350

Inertia to go to theaters is higher than we expected;   therefore, occupancy is structurally lower

But the stock price and valuation still make PVR attractive

Believe PVR could improve in FY26 after a tepid FY25, on  a strong content pipeline

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