Technical Analysis: Breakout from Consolidation: The stock has closed above the critical level of ₹1595 (22nd October 2024 high) after over a month of consolidation. Strength Since 27-Nov-2024: Indicates a potential build-up in momentum, possibly driven by anticipation or broader market movements.
Fundamental Catalyst: Pushpa 2 Release: The release of a blockbuster movie like Pushpa 2 (5th Dec 2024) is a strong revenue driver. Pre-release hype and massive advance bookings point to record-breaking collections, expected to generate significant footfalls and F&B revenues for PVR INOX.
Brokerage View: UBS has upgraded its target to ₹2000 with a BUY recommendation, reflecting confidence in the company's growth trajectory. Forecast: ₹1000 crore opening day box office collection could provide a substantial revenue boost.
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