PVR rises on entering into agreement with M3M India

PVR is currently trading at Rs. 1625.35, up by 17.65 points or 1.10% from its previous closing of Rs. 1607.70 on the BSE.

pvr gains with its arm joining hand with panorama studios
pvr gains with its arm joining hand with panorama studios

The scrip opened at Rs. 1610.00 and has touched a high and low of Rs. 1626.00 and Rs. 1604.25 respectively. So far 10 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1,838.00 on 08-Nov-2021 and a 52 week low of Rs. 961.00 on 19-Apr-2021.

Last one week high and low of the scrip stood at Rs. 1642.00 and Rs. 1562.00 respectively. The current market cap of the company is Rs. 9802.88 crore.

The promoters holding in the company stood at 17.02%, while Institutions and Non-Institutions held 60.19% and 22.79% respectively.

PVR has entered into an agreement with M3M India to set-up an ultra-modern and state-of-the-art 8-screen multiplex at M3M 65th Avenue, the recently delivered largest luxurious retail project in Gurugram by M3M India. M3M 65th Avenue is spread across 14 acres, with 1 million square feet of retail space and built with a top-line of Rs 4,000 crore. PVR is investing Rs 324 crore to set-up the upcoming property. With the upcoming property, PVR is starting capital expenditure on new screen additions.

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.

Leave a Comment