Ahead of Baahubali 2 release shares of PVR & Inox Leisure roar on bourses

The much-awaited Baahubali: The Conclusion is unarguably the biggest film event this year, which is to be released on Friday, April 28.

Apr 25, 2017 07:04 IST India Infoline News Service

The much-awaited Baahubali: The Conclusion is unarguably the biggest film event this year, which is to be released on Friday, April 28. Shares of multiplex operators PVR Limited and Inox Leisure are in focus on Tuesday’s trading session.
 
With just 3 days left for the release of the film, Baahubali 2 has received a fantastic response in advance booking. Shares of PVR Limited were up 3.4% and Inox Leisure was up nearly 2% on Tuesday at around 12.10 pm.
 
With the film guaranteed to appear in an upward of 6,000 screens (and efforts on to bring that number closer to 7K), the sequel to SS Rajamouli’s epic war drama is already off to what is being seen as a blockbuster start, as per a leading news portal.
 
As per the market analysts, the current quarter will have a positive sentiment mainly due to the upbeat of the second part of the franchise.
 
PVR is also working with the team of the blockbuster movie to bring their content to the newly launched virtual reality (VR) lounge in Noida, which is the first of its kind in India.

Stock view:
 
PVR Ltd is currently trading at Rs 1614, up by Rs 40.05 or 2.54% from its previous closing of Rs 1573.95 on the BSE.
 
The scrip opened at Rs 1575 and has touched a high and low of Rs 1631.7 and Rs 1569.3 respectively. So far 352790(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 7356.42 crore.
 
The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 1598 on 17-Apr-2017 and a 52 week low of Rs 806.6 on 27-Apr-2016. Last one week high and low of the scrip stood at Rs 1589.4 and Rs 1545.75 respectively.
 
The promoters holding in the company stood at 20.15 % while Institutions and Non-Institutions held 68.74 % and 11.11 % respectively.
 
The stock is currently trading above its 50 DMA.

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