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Mukta Arts surges on plan to expand its foot-print in Media Exhibition

14 Nov 2014 Evaluate

Mukta Arts is currently trading at Rs. 32.15, up by 0.60 points or 1.90% from its previous closing of Rs. 31.55 on the BSE.

The scrip opened at Rs. 31.70 and has touched a high and low of Rs. 32.15 and Rs. 31.25 respectively. So far 1900 shares were traded on the counter.

The BSE group 'B ' stock of face value Rs. 5 has touched a 52 week high of Rs. 44.95 on 23-May-2014 and a 52 week low of Rs. 25.65 on 21-Aug-2014.

Last one week high and low of the scrip stood at Rs. 32.15 and Rs. 30.10 respectively. The current market cap of the company is Rs. 72.60 crore.

The promoters holding in the company stood at 70.37% while Non-Institutions held 29.63% stake in the company.

Mukta Arts has decided to expand its foot-print in Media Exhibition by deciding to open 6 Cinema Screens in Bahrain to begin with. In this regard, the company has signed a Memorandum of Understanding (MoU) with V. K. Universal Property Management Co. SPC, Bahrain. It is proposed to set-up a subsidiary company with suitable structure to implement the decision.

Mukta Arts is engaged in various areas of film making such as production, distribution, exhibition and imparting education.

Peers
Company Name CMP
PVR Inox 1285.30
Saregama India 500.25
Shemaroo Entertain. 122.00
UFO Moviez India 60.01
Balaji Telefilms 94.24
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