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Pritish Nandy spurts on plans of re-aligning its wellness business strategy

30 Jun 2014 Evaluate

Pritish Nandy Communications is currently trading at Rs. 16.70, up by 0.63 points or 3.92 % from its previous closing of Rs. 16.07 on the BSE.

The scrip opened at Rs. 16.87 and has touched a high and low of Rs. 16.87 and Rs. 15.91 respectively. So far 2584 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 19.40 on 11-Jun-2014 and a 52 week low of Rs. 7.00 on 06-Aug-2013.

Last one week high and low of the scrip stood at Rs. 16.80 and Rs. 15.09 respectively. The current market cap of the company is Rs. 24.16 crore.

The promoters holding in the company stood at 41.44 % while Institutions and Non-Institutions held 22.41 % and 36.15 % respectively.

Pritish Nandy Communications, pursuant to the lease expiring on the property housing Moksh, the Wellness Place at Breach Candy on June 30, 2014, is looking to realign its wellness business strategy and focus on bringing celebrity fitness and makeovers to Mumbai. This strategy also synergizes the company’s prolific access to the celebrity world through its successful and cult movie business with the wellness business in a more integrated fashion.

Moksh, the Wellness Place at Breach Candy, was the first of its kind 14 years ago when it was, established and has had a very distinguished run. Mumbai’s most famous names have worked out there and its annual wellness festivals were a great draw.

PNC Wellness, a 100% subsidiary of Pritish Nandy Communications and owner of the Moksh brand, will perpetrate this revised strategy in the wellness space through new centres in more eclectic locations and formats that suit the revised strategy as well as introduce new wellness products.

Pritish Nandy Communications is in the business of acquiring content and producing movies. It is amongst the first companies to introduce corporate system in Hindi cinema industry. The company is a vision of Pritish Nandy, who is a well-known author, journalist, editor and TV host and poet 

Pritish Nandy Comm Share Price

19.90 -0.42 (-2.07%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
PVR 1074.05
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Shemaroo Entertain. 103.00
Balaji Telefilms 123.00
UFO Moviez 74.33
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