PVR Inox shares plunge 4% on weak Q4 earnings. Should you buy this stock?

Multiplex chain operators PVR Inox saw their shares drop by over 4% following the announcement that the company recorded a loss of Rs 333 crore for the quarter ended March 31, 2023. Despite the loss, domestic brokerages Nuvama and Prabhudas Lilladher have retained their ‘Buy’ calls for the company. Nuvama has a positive view on the stock for the medium and long term, citing optimism that is backed by an improving line-up of Hindi movies and a strong pipeline for the overall cinema industry, across languages, in FY24.