PVR all set to open its sixth multiplex in Ahmedabad

PVR on January 25 informed the bourses about opening of its 7 screen multiplex at Arved Transcube Plaza, GSRTC in Ahmedabad.

Jan 25, 2017 09:01 IST India Infoline News Service

PVR on January 25 informed the bourses about opening of its 7 screen multiplex at Arved Transcube Plaza, GSRTC in Ahmedabad.
 
The multiplex will be armed with a 7.1 Digital sound with 2K and 4K projections systems and Next Generations 3D enabled screens also with ultra-high brightness.
 
The company also included a wide array of F&B including extensive range of gourmet food options, said an official release issued on Wednesday.
 
PVR with the launch of this new multiplex in Ahmadabad, now operates the largest multiplex network with 569 screens at 123 properties in 48 cities across India. This will be the sixth multiplex in the central hub, Ahmadabad by the company. The seating capacity of the multiplex is 1404 seat, added the release. 
 
PVR has delivered 71.96% returns in a period of one year. The stock has outperformed BSE Mid Cap and Nifty Media index in a period of year.

Stock view: -

PVR Ltd is currently trading at Rs 1302, up by Rs 2.1 or 0.16% from its previous closing of Rs 1299.9 on the BSE.

The scrip opened at Rs 1310 and has touched a high and low of Rs 1319.9 and Rs 1301.7 respectively. So far 102122(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 6075.55 crore.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 1489.5 on 18-Jan-2017 and a 52 week low of Rs 646 on 25-Feb-2016. Last one week high and low of the scrip stood at Rs 1489.5 and Rs 1241.65 respectively.

The promoters holding in the company stood at 25.25 % while Institutions and Non-Institutions held 61.55 % and 13.2 % respectively.

The stock is currently trading above its 100 DMA.

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