Blockbuster returns given by this mutlibagger film exhibition company! Do you have it?
From Rs 24 to Rs 149 in 2 years this stock has risen 513 %!
Movie Exhibition business was one of the worst-hit sectors during the pandemic. Cineline India is among the largest exhibition theatre chains in India operating with 39 properties, 138 screens and 33,522 seats. It has weathered all odds and has now reopened with renewed vigour. Cineline India is Cineline India made a comeback in the movie exhibition business under the new brand name “MovieMax”
CinelineIndia Ltd has risen nearly 238 % in the last 1 year while it gave a mindboggling 513 % or 5X returns in last 2 years,
Rs 100,000 invested just three months ago would have become Rs 1,69,340 giving a price return of 69.34 %.
Rs 100,000 invested a year ago would have become Rs 3,38,480 giving a price return of 238.48 % and,
Rs 100,000 invested two years back would have become Rs 6,13,580 giving a five-fold price return of 513.58 %.
Cineline India Limited (formerly Cinemax Properties Limited), is a part of Kankaria Group. The company’s modus operandi comprises identifying and acquiring such commercial properties and renting out retailing, parking and advertising spaces. Cineline India Limited has a diversified business model with a presence in the renewable energy business as well.
The company has reported a consolidated net loss of Rs 7.33 crore for the last reported quarter i.e. Q4FY22. Net revenue fell by 7.03 % at Rs 14.51 crore YoY, while sequentially it fell by 23.76 %.
The management is taking proactive steps to expand its presence in the film exhibition industry. The promoters have also infused fresh capital of Rs 35.1 crore to support its growth plans by acquiring 300 + screens by 2025 on a PAN India basis.
The shares of Cineline India had hit its 52- week high of Rs 174.75 a piece on April 28 and is currently trading at Rs 137.05 a piece at a loss of 3.49 % or Rs 4.95 from the previous close of Rs 142.
About the Author
DisclaimerInvestment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
Start Investing Now!
Open Free Demat Account in 5 mins