Wednesday , 22 March 2023
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Cineline India rises on opening 7 screen multiplex in Hyderabad

Cineline India rises on opening 7 screen multiplex in Hyderabad

Cineline India is currently trading at Rs. 115.00, up by 3.35 points or 3.00% from its previous closing of Rs. 111.65 on the BSE.

The scrip opened at Rs. 110.00 and has touched a high and low of Rs. 115.00 and Rs. 109.45 respectively. So far 287 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 5 has touched a 52 week high of Rs. 174.75 on 28-Apr-2022 and a 52 week low of Rs. 84.15 on 27-Jan-2022.

Last one week high and low of the scrip stood at Rs. 116.95 and Rs. 108.10 respectively. The current market cap of the company is Rs. 352.44 crore.

The promoters holding in the company stood at 67.00%, while Institutions and Non-Institutions held 0.02% and 32.98% respectively.

Cineline India has opened first flagship 7 screen multiplex at ‘AMR Planet Mall’ situated at Hyderabad, Telangana, India with a capacity of 1,535 seats. With this launch, MovieMax has now augmented its presence in the city of Hyderabad with 7 screens and with a total of 49 operational screens across 15 properties in 8 cities in India.

The 7 screen property is an innovative excellence equipped with 2K RGB+ Laser projectors that deliver ultra-high resolution, sharp and bright images. In addition, the Audi’s are equipped with Dolby Atmos sound and triple beam 3D technology.

The auditoriums are designed to create a powerful impact to make the movie-going experience with utmost comfortable recliners in all the audi’s for great and exclusive experience.

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