PVR is currently trading at Rs. 655.35, up by 7.10 points or 1.10% from its previous closing of Rs. 648.25 on the BSE.
The scrip opened at Rs. 660.00 and has touched a high and low of Rs. 664.45 and Rs. 653.00 respectively. So far 26518 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 751.00 on 12-Jan-2015 and a 52 week low of Rs. 495.00 on 20-May-2014.
Last one week high and low of the scrip stood at Rs. 669.00 and Rs. 631.50 respectively. The current market cap of the company is Rs. 2743.46 crore.
The promoters holding in the company stood at 29.51% while Institutions and Non-Institutions held 31.21% and 39.28% respectively.
PVR is reportedly in advanced stage of negotiation to acquire DT Cinemas, the wholly-owned subsidiary of DLF which owns theatre screens in and around Delhi. This would be PVR’s second attempt to acquire DT Cinemas after 2009, when it entered into definitive agreement with the DLF Group. That deal called off due some legal issues.
India currently has 1,700 multiplex screens with PVR leading the market with 454 screens while the second-ranked Inox owns 361 screens. DT Cinemas currently operates 29 screens in National Capital Region of Delhi and Chandigarh.
