BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Nirmal Bang Report
PVR Ltd. and Inox Leisure Ltd. rose by 20% and 27%, respectively in Q2 FY22 in anticipation of return to normalcy in H2 FY22.
A national open-up post the second Covid-19 wave is currently underway, with Maharashtra (25-30% of multiplex revenue) opening up on October 22 among the last of the key multiplex markets to do so.
We think that Q2 FY22 will be a washout (though it will be much better QoQ on a very low base), with significantly lower revenue versus Q2 FY20 (down 85-90%) and Ebitda level losses that may be lower versus Q1 FY22.
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