PVR Inox Falls on Karnataka Price Cap

  Published 1 year ago

PVR Inox shares drop as Karnataka proposes statewide ₹200 cap on movie ticket prices, pressuring earnings and sentiment.

  • State’s ticket price cap includes entertainment tax; official confirmation awaited from Karnataka’s media team.
  • Analysts maintain “buy” rating; median price target set at ₹1,250 despite regulatory headwinds.
  • PVR Inox stock down 25% year-to-date, reflecting concerns over earnings impact and sector volatility.

You might like these

RPP Infra Wins Ajmer Water Project

Voltas Shares Surge on Axis Direct 'Buy' Rating

VST Industries Q1 Profit Up 5%

Kashmir Railway: India Connects Valley to Plains

Rupee Rises as Stocks Surge Tax Reform

Kotak Bank Q1 Profit Falls 47%

HDFC Life Q1 Profit Rises 14%

News that matters the most ⚡