On May 11, five Nifty500 stocks, including PVR Inox, finished more than 2% below their VWAP, a level tracked by traders as the average traded price. Closes beneath VWAP typically point to heavier selling than buying through the day, worsening intraday sentiment and hinting at short-term weakness in these counters.
PVR INOX has reported a sharp turnaround, posting a net profit of ₹186 crore in the March quarter after last year’s losses. The company’s annual results were even stronger, with profit rising to ₹333 crore. Management attributes the recovery to blockbuster film performance, reflecting improved demand and momentum in cinema revenues.
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