PVR Inox surges to 52-week peak as Ramayana crosses ₹500 crore

PVR Inox Ltd's stock climbed to its highest level in 52 weeks on Wednesday, driven by robust domestic box-office collections of the recently released period drama. The multiplex chain's gains reflect renewed momentum in theatrical exhibition following a string of blockbuster releases that have rekindled audience interest in cinema halls across India.

Ramayana: Part One, starring Ranbir Kapoor and Sai Pallavi, entered the ₹500 crore box-office club on its 31st day of release, according to industry tracker Sacnilk. The film, which debuted on November 5, has emerged as a significant commercial success, delivering substantial footfall to multiplexes nationwide and providing a much-needed boost to theatrical revenues.

The strong performance of major releases has proven instrumental in reviving investor confidence in cinema operators after a challenging period marked by erratic footfall and delayed productions. The ₹500 crore milestone for Ramayana signals sustained audience appetite for high-budget Hindi cinema, particularly during festival seasons and holiday periods.

PVR Inox, India's largest multiplex chain following its merger with Inox Leisure, operates over 800 screens across the country. The company's valuation gains reflect broader optimism about the theatrical exhibition sector's recovery and the pipeline of anticipated releases scheduled for the coming quarters.