DVM stock PVR Limited hits year high
Entertainment company PVR Limited, which has been in Trendlyne's top DVM Select Screener for the last month, hit a fresh year high today. Entertainment companies in India have been gaining as growth has been driven by an uptick in blockbusters and good footfall in theatres in FY19. Management noted that the company was on track to meet its 15% growth guidance for the financial year, as investors await results. One risk factor continues to be how various state governments will rule regarding the entry of outside food in theatres. Sales of F&B; in theatres has accounted for upto 30% of revenues and gross margins for entertainment theatre companies, particularly the large players PVR and Inox.11-04-2019