PVR INOX gains on opening 9-screen multiplex in Ahmedabad
PVR INOX is currently trading at Rs. 1491.95, up by 1.45 points or 0.10% from its previous closing of Rs. 1490.50 on the BSE.
The scrip opened at Rs. 1471.10 and has touched a high and low of Rs. 1494.60 and Rs. 1471.10 respectively. So far 8934 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1879.75 on 08-Sep-2023 and a 52 week low of Rs. 1203.70 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 1537.60 and Rs. 1471.10 respectively. The current market cap of the company is Rs. 14566.28 crore.
The promoters holding in the company stood at 27.84%, while Institutions and Non-Institutions held 56.86% and 15.31% respectively.
PVR INOX has opened its largest 9-screen multiplex at Phoenix Palladium Mall in Ahmedabad. With the launch of this cinema, Gujarat gets its first luxury cinema with IMAX and LUXE formats that will offer an unparalleled cinema viewing experience to its patrons. With this cinema opening, PVR INOX strengthens its presence in Ahmedabad with 36 screens in 6 properties and the state of Gujarat with 134 screens in 28 cinemas. The company consolidates its presence in Central India to 210 screens in 43 properties.
The new multiplex accommodates 1283 guests and is strategically located at Thaltej in the western part of Ahmedabad, a high-end catchment area well connected to the rest of the city through the Sarkhej-Gandhinagar Highway. The new cinema is equipped with state-of-the-art cinematic technologies including captivating 3D technology, Dolby 7.1 Audio for powerful sound quality, and 4K laser projection for making movie viewing a larger-than-life experience.
PVR INOX is the largest film exhibition company in India.