Due to Lockdown in India, Theatres may not open before June end. Also post-COVID, sense of security will be more in Multiplexes.
Sell PVR for the target of 752, 675, 606...
If lockdown continues and if Theaters not allowed to open after lockdown (June-July) then the stock may fall below 606--- to 474----
>>> This is my personal views.... Do your own analysis before taking any positions...
Remember>>>> What seems too high and risky to the majority generally goes higher and what seems low and cheap generally goes lower.
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