PVR INOX Stock Sees 2% Gain Amid Broader Market Decline

On March 19, 2026, PVR INOX's share price surged 2% to reach ₹1,040 on the BSE, defying the broader market's decline. The Indian benchmark indices, Nifty and Sensex, fell over 2% each, while global peers suffered losses due to rising oil prices.

Advance Booking Trends Indicate Strong Demand

The upcoming film Dhurandhar: The Revenge, starring Ranveer Singh, has generated significant buzz, with ₹405 million in paid previews and ₹290 million in advance bookings for day one. According to PL Capital, the film may break into the 'All Time Highest Hindi Advance Bookings' list, surpassing KGF-2.

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PL Capital Maintains BUY Rating with 22% Upside Potential

PL Capital has maintained a BUY rating on PVR INOX with a target price of ₹1,274 (9.5x FY28E EBITDA), implying a 22% upside potential. The brokerage believes the film has strong potential to outperform its predecessor, driven by factors such as a loyal audience base, a largely solo release, and the release in multiple languages.

Dhurandhar: The Revenge Could Boost PVR INOX's Quarterly Collections

The success of Dhurandhar: The Revenge could salvage the quarter for PVR INOX, which otherwise appears to be lukewarm. If the film achieves the base case estimate of ₹10 billion, and 75% of collections are realised within the first two weeks, the total box office collections for the quarter could come close to 4QFY25 levels, helping PVR INOX maintain its historical market share of around 29-30%.

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