PVR INOX gains on launching 2 new multiplexes in Mumbai, Bhubaneswar
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PVR Inox is currently trading at Rs. 1650.50, up by 13.35 points or 0.82% from its previous closing of Rs. 1637.15 on the BSE.
The scrip opened at Rs. 1650.50 and has touched a high and low of Rs. 1659.50 and Rs. 1644.20 respectively.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1925.00 on 6-Dec-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. 1682.00 and Rs. 1618.20 respectively. The current market cap of the company is Rs. 16065.51 crore.
The promoters holding in the company stood at 27.84%, while Institutions and Non-Institutions held 60.46% and 11.71% respectively.
PVR INOX has launched 10 Screens across 2 new multiplexes with 6-Screens in Mumbai and 4-Screens in Bhubaneswar. The launch of these cinemas aligns with its strategy of screen roll in key markets targeting new demographics. The company consolidates its presence in Western India with 345 screens in 76 properties and 138 screens in 36 properties in Eastern India.
The new 6-screen multiplex, Maison INOX is a unique luxury boutique property at Jio World Centre, Mumbai’s new iconic landmark destination in the central business district, Bandra Kurla Complex. The cinema with a seating capacity of 790 audiences includes 2 Insignia screens, 1 IMAX screen and 3 regular screens. An artistic masterpiece, the cinema is the paradigm of luxury, offering a bespoke entertainment experience with best in technology equipped with the most advanced 4K Laser Projection System, Dolby Atmos Surround Sound and Next-Gen 3D Screens. In the state of Maharashtra, PVR INOX has presence across 15 cities with a screen portfolio of 260 screens in 53 properties.
The 4-screen multiplex located at Utkal Kanika Galleria Mall, Bhubaneswar is the first cinema in the city featuring all 4K Laser screens. It has a total seating capacity of 682 audiences featuring comfortable plush last row recliners and equipped with the best-in-class theatrical solutions including 4K Laser projection, Dolby 7.1 immersive audio and Next-Gen 3D screens. In the state of Odisha, PVR INOX has presence across in the cities of Bhubaneswar, Cuttack and Rourkela with a screen portfolio of 29 screens in 7 properties.
PVR INOX is the largest film exhibition company in India.
