PVR trades higher on launching 5-screen multiplex in Nalasopara post merger with INOX
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PVR is currently trading at Rs. 1557.00, up by 14.55 points or 0.94% from its previous closing of Rs. 1542.45 on the BSE.
The scrip opened at Rs. 1549.95 and has touched a high and low of Rs. 1558.00 and Rs. 1546.00 respectively. So far 7172 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2211.55 on 04-Aug-2022 and a 52 week low of Rs. 1484.40 on 07-Mar-2022.
Last one week high and low of the scrip stood at Rs. 1601.90 and Rs. 1486.10 respectively. The current market cap of the company is Rs. 15242.93 crore.
The promoters holding in the company stood at 16.94%, while Institutions and Non-Institutions held 67.00% and 16.06% respectively.
PVR has launched new 5-screen multiplex at Capital Mall in Nalasopara, Mumbai Metropolitan Region (MMR), Maharashtra marking its maiden entry into the city after the merger with INOX Leisure. The newly launched property stands as the latest entertainment hub for cinema lovers in the lakeside Capital City, a completely self-reliant, modernistic town.
The Cinema is located in Nalasopara in Palghar district near Mumbai’s western suburbs, part of the MMR has become one of the most-populous urban areas in the state. With this launch, PVR consolidated its foothold in Maharashtra with 281 screens in 59 properties across 16 cities and a total of 1663 screens across 357 properties in 114 cities (India and Sri Lanka).
The Multiplex has a total seating capacity of 1070 audiences and is equipped with plush recliner seats for enhanced comfort. The cinema is equipped with the best-in-class theatrical solutions to offer an immersive and enhanced cinematic experience. This includes the SP4K Laser projectors that deliver ultrahigh resolution, sharp, and bright images. Furthermore, the audis feature advanced Dolby 7.1 audio and Next-Gen 3D technology for an immersive experience.
PVR is the largest and most premium film exhibition company in India. Since its inception in 1997, the brand has redefined the way entertainment is consumed in the country.
