PVR INOX surges on launching a new 6-screen multiplex in New Delhi
Today, the stock opened at Rs. 1463.40 and has touched a high and low of Rs. 1472.45 and Rs. 1449.65 respectively.
On Tuesday, the shares of PVR INOX closed at Rs 1481.45, up by 1.23% from its previous closing of Rs 1463.45 on the BSE.
Launch of new 6-screen multiplex
PVR INOX has launched a new 6-screen multiplex at Vishal Enclave near Rajouri Garden in New Delhi. Elevating one of the prominent neighbourhood single-screen cinemas in West Delhi, the cinema has been upgraded to a multiplex with a whole new level of luxury. The multiplex features two premium formats, IMAX and MX 4D, the third of its kind in Delhi.
The new cinema will augment PVR INOX foothold in New Delhi to a total of 25 cinemas across 97 screens. With this opening, PVR INOX consolidates its presence in North India with a total of 449 screens in 102 properties.
The cinema is located at Vishal Enclave, one of the most affluent localities of West Delhi besides the Rajouri Garden Metro Station. The new multiplex has six impressively-designed auditoriums with a total of 979 seats with recliners available in one of the auditoriums. The auditoriums are equipped with an advanced Laser Projection system for razor-sharp visuals.
Stock price movement
Today, the stock opened at Rs. 1463.40 and has touched a high and low of Rs. 1472.45 and Rs. 1449.65 respectively. The BSE group 'A' stock of face value of Rs 10 touched a 52-week high and low of Rs 2,211.55 and Rs 1,431.55, respectively. Last one week high and low of the scrip stood at Rs 1507.35 and Rs 1431.55 respectively. The current market cap of the company is Rs 14,514.18 crore.
The promoters holding in the company stood at 27.46%, while Institutions and Non-Institutions held 61.39% and 11.15% respectively.
PVR completed the merger of INOX Leisure Limited, effective February 06, 2023. The merged entity is the largest film exhibition company in India.
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