PVR moves up despite CRISIL placing its ratings with negative implications

24 Mar 2020
PVR is currently trading at Rs. 1286.20, up by 78.60 points or 6.51% from its previous closing of Rs. 1206.60 on the BSE.

The scrip opened at Rs. 1310.00 and has touched a high and low of Rs. 1310.00 and Rs. 1125.05 respectively. So far 20541 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2121.00 on 20-Feb-2020 and a 52 week low of Rs. 1045.85 on 16-Mar-2020.

Last one week high and low of the scrip stood at Rs. 1367.10 and Rs. 1050.00 respectively. The current market cap of the company is Rs. 6362.16 crore.

The promoters holding in the company stood at 18.44%, while Institutions and Non-Institutions held 72.99% and 8.57% respectively.

CRISIL has placed PVR’s rating on the long-term bank facilities and debt instruments on Watch with Negative Implications. The rating action follows the closure of movie theatres across India by orders of state governments to contain the spread of Novel Coronavirus (Covid-19). While the present closure is valid until March 31, 2020, it could be extended if the pandemic worsens.

The rating agency has placed the company’s long-term bank facilities with ‘AA’ rating on watch with Negative Implications. It has also placed the company’s Non-Convertible Debentures (NCDs) Aggregating Rs 460 crore with ‘AA’ rating on watch with Negative Implications.

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.

PVR Share Price

884.25 23.55 (2.74%) May 28, 18:01
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719