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Broker’s call: PVR Inox (Buy)

Target: ₹1,610 CMP: ₹915.70 Karnataka government has proposed an ₹200 price-cap for movie tickets. This is not the first time. Previous attempt (2017) offers two precedents. One, special format screens – where PVR-Inox’s tickets are dearer – were exempt. Two, it could face legal hurdles. Prior court rulings – High Courts as well as Supreme...
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Heatwave alert! The stocks to watch out for

In another interview, the management of BlueStar, a leading AC brand, sounds quite confident, projecting a 19% CAGR (compound annual growth rate) in ACs. These interviews have come along with the news of the India Meteorological Department issuing the heatwave warning for Gujarat. You see, in 2024, during a record-breaking heatwave, the AC sales shot...

Prudent CMD Sanjay Shah GIFTS shares worth ₹34 CRORE to employees and personal staff; internet says ’setting examples’

Sanjay Shah, promoter of Prudent Corporate Advisory Services, has made headlines with a unique gesture – gifting 175,000 equity shares, valued at approximately ₹34 crore, to around 650 employees and personal staff. In a move that’s generating significant attention within the corporate world, Shah, the CMD of Prudent Corporate Advisory Services Limited, marks his 25th...

Coinbase registers with India’s Financial Intelligence Unit to launch crypto trading in the country

US-based Coinbase, an online platform for buying, selling, transferring and storing cryptocurrency, has registered with India’s Financial Intelligence Unit (FIU) to offer crypto trading services in India. The company plans to launch its initial retail services later this year, followed by additional investment and products in India thereafter. In a company blogpost, John O’Loghlen, Regional...

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