PVR INOX trades higher after it reopens iconic Paras Cinema in New Delhi
PVR Inox is currently trading at Rs. 1852.00, up by 24.70 points or 1.35% from its previous closing of Rs. 1827.30 on the BSE.
The scrip opened at Rs. 1843.00 and has touched a high and low of Rs. 1869.00 and Rs. 1829.95 respectively. So far 53005 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1974.75 on 14-Sep-2022 and a 52 week low of Rs. 1336.50 on 17-May-2023.
Last one week high and low of the scrip stood at Rs. 1838.00 and Rs. 1768.20 respectively. The current market cap of the company is Rs. 18146.77 crore.
The promoters holding in the company stood at 27.61%, while Institutions and Non-Institutions held 59.98% and 12.41 % respectively.
PVR INOX has reopened iconic Paras Cinema in a new avatar at Nehru Place, New Delhi. This launch marks the opening of the fifth IMAX in Delhi and the second standalone IMAX theatre in India featuring IMAX with Laser technology, a next generation laser projection and multichannel sound system exclusive to IMAX theatres for a truly immersive experience.
With this opening, the new cinema will augment PVR INOX’s foothold in New Delhi to a total of 27 cinemas across 108 screens and consolidates its presence in North India with a total of 457 screens in 103 properties.
Paras Cinema at South Delhi's commercial hub makes a comeback as world’s most immersive cinema experience with a seating capacity of 305. IMAX with Laser is set apart by its 4K laser projection system featuring a new optical engine and a suite of proprietary IMAX technology that delivers crystal-clear images, increased resolution, deeper contrast as well as the most distinct, exotic colors ever available on-screen. The new experience also features next generation IMAX precision sound, delivering greater dynamic range and precision for the ultimate in audio immersion.
PVR INOX is the largest film exhibition company in India.