13-03-2024 02:09 PM | Source: Accord Fintech
Cineline India rises on opening 4 screen mulitplex at Paras Downtown Square Mall in Punjab

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Cineline India is currently trading at Rs. 122.80, up by 0.45 points or 0.37% from its previous closing of Rs. 122.35 on the BSE.

The scrip opened at Rs. 119.15 and has touched a high and low of Rs. 123.00 and Rs. 118.00 respectively. So far 5033 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 186.00 on 05-Feb-2024 and a 52 week low of Rs. 70.00 on 08-Jun-2023.

Last one week high and low of the scrip stood at Rs. 127.50 and Rs. 116.70 respectively. The current market cap of the company is Rs. 406.57 crore.

The promoters holding in the company stood at 69.60%, while Institutions and Non-Institutions held 0.47% and 29.93% respectively.

Cineline India has opened 4 screen mulitplex located at Paras Downtown Square Mall in Zirakpur, Punjab. Located conveniently next to the Golden Plaza Hotel on Street No. 1, along the Ambala - Chandigarh Expressway, the company’s multiplex promises to redefine the cinematic experience for its patrons.

Featuring four state-of-the-art screens, MovieMax Multiplex boasts a total seating capacity of 1010, ensuring ample space for its valued guests to immerse themselves in the magic of cinema. Its commitment to excellence is reflected in the cutting-edge technology it has incorporated, including advanced 2K projectors that deliver unparalleled image quality, sharpness, and brightness. Moreover, its auditoriums are equipped with immersive sound technology, captivating audio-visual experience with every visit.

With the inauguration of MovieMax Multiplex at Paras Downtown Square Mall, the company is proud to expand its footprint in Punjab, bringing its total screen count in the region to eight. This milestone marks a significant step forward for MovieMax, as the company now operate 68 screens across 19 properties in 12 cities throughout India, solidifying its position in the entertainment industry.

Cineline India is one of the most renowned real estate players in MMRDA region.