This entertainment company has opened 3 new multiplexes at various locations; shares rise

This entertainment company has opened 3 new multiplexes at various locations; shares rise

Indian Market
by 5paisa Research Team Last Updated: 2023-01-09T18:08:53+05:30

This company is India’s largest and most premium film exhibition company.

The previous day’s close of the shares was at Rs 1,629.10. On Monday, the shares opened at Rs 1,653.95 and made the day high at Rs 1,680.50 a piece.

PVR has added 3 new multiplexes with a combined 19 screens in Jaipur, Bengaluru, and Gurugram. The firm has opened the largest multiplex in Rajasthan, an 8-screen theatre, a 7-screen theatre at the Bhartiya Mall in Bengaluru's Bhartiya City, and a 4-screen theatre at the Elan Town Centre in Haryana. PVR presently runs the largest multiplex network with 903 screens spread over 181 properties in 78 locations as a result of this launch (India and Sri Lanka).

PVR Ltd dominates the market in India based on the number of screens. The brand has changed how people watch movies in the nation and the film industry since 1997. The company has constantly increased screens throughout the years through strategic investments and acquisitions, including "Cinemax Cinemas" in November 2012, "DT Cinemas" in May 2016, and "SPI Cinemas" in August 2018. These additions have been made both organically and inorganically.

The company provides a variety of cinema viewing experiences through its formats, which include "PVR Director's Cut," "PVR Gold Class," "PVR IMAX," "PVR Superplex," "PVR P(XL)," "PVR Playhouse," "PVR ECX," "PVR Premiere," "PVR ICON," "PVR LUXE," "PVR Cinemas," and "PVR Utsav," as well as "Escape,". The business displays a variety of information to cater to various Indian regional customer segments.

The 52-week high of the stock is Rs 2,211.55 whereas the 52-week low was at Rs 1,343.10. Promoter’s holdings stood at 16.97 % whereas Institutional and Non-Institutional holdings are 63.42 % and 19.61 %, respectively. Presently, the market cap of the company is stood at Rs 10,184.66 crore.


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