New Delhi, Aug. 25 -- After a bruising two years, PVR Inox may finally be finding its footing.

India's largest multiplex chain, once a stock market favourite, saw its shares tumble nearly 49% from a 2022 peak of Rs.2,215 as weak content, box-office flops and falling footfalls pushed audiences toward streaming platforms.

Now, stronger collections, rising occupancy and a promising release slate have helped lift the stock about 10% since its latest earnings. Valuations, meanwhile, sit well below historical averages. For investors, the question is whether this early rebound marks the start of a sustained turnaround-or just another short-lived rally.

We break it down.

Q1FY26 performance

Consolidated revenue rose 23% year-on-year to Rs.1,4...