PVR dips 5%, hits over 10-month low post December quarter results

According to analysts, key medium-term trigger for the stock will be the proposed merger with INOX, which likely to be consummated within a month

Shares of PVR dipped 5 per cent to hit over 10-month low of Rs 1,594.55 on the BSE in Friday's intra-day trade despite the multiplex operator reporting a strong recovery quarter-on-quarter (QoQ) led by improved content performance in the December quarter (Q3FY23). The stock was trading at its lowest level since March 8, 2022.

Meanwhile, shares of Inox Leisure were down 4.4 per to Rs 473.70 on the BSE in intra-day trade. In comparison, the S&P BSE Sensex was down 0.27 per cent at 02:11 PM.