India's PVR Inox rises after Q2 results; analysts remain cautious on long-term growth

** Indian cinema hall operator PVR Inox PVRINOX rises 2.26% at 1117.30 rupees after second quarter results

** Co swings to profit in second quarter, on higher footfalls driven by a robust line-up of film releases [nL3N3VY0K0}

** PVR Inox and its smaller peers typically face volatile earnings because blockbuster releases are uneven through the year

** Ambit Capital says PVR's multiple initiatives to drive more consistent quarterly results, such as providing gourmet food, selling underlying real estate to become asset-light, would be key monitorables to re-rate stock

** Elara Capital says, "while the broader trend favors digital platforms, quality content in the near term should keep the momentum strong"

** Prabhudas Lilladher says co reported better than expected performance but it awaits proof of concept in PVR's new initiatives to re-rate the stock

** Stock rated 'buy' on avg by 17 analysts; median PT at 1310 rupees- data compiled by LSEG

** YTD, PVR Inox down ~14%