What may affect PVR Inox margins? Why is M&M expected to do well? Chakri Lokapriya answers

economictimes.indiatimes.com:

Chakri Lokapriya, CIO & MD, TCG AMC, says “as we are going into the most important Diwali and post Diwali season, there will be a bunch of big releases and valuations are still okay. Their F&B has actually come down and that is not such good news on the margins. Therefore, the stock will trade on slightly lower margins.”Do you actually see the tide turning for PVR Inox? It was a pretty stellar weekend. And there have been impressive releases as well. Does this change the stance on the stock that has otherwise been through the grind, to put it mildly?In the last couple of months, there have been some very big blockbuster movies both English and as well as domestic names, which have done well.

And PVR today is the de facto chain because it is the only large chain left in the country today. They have a disproportionate market share and they will directly benefit in this quarter because of the current blockbuster releases. As we are going into the most important Diwali and post Diwali season, there will be a bunch of big releases and valuations are still okay.

Their F&B has actually come down and that is not such good news on the margins. Therefore, the stock will trade on slightly lower margins.How have you read into Nykaa's financials and do you believe that a bit of the pain is now behind us or is only going to continue for Nykaa?In the case of Nykaa, their gross revenue grew. But on the other hand, their fashion revenue was quite weak.

The fashion revenue weakness is clearly because of competition. It shows that they are having a tough time in pricing their products. There is no pricing power in other words.