MoneyWorks4Me

PVR rises on planning to invest Rs 350 crore to open 100 new screens in FY23

28 Sep 2022 Evaluate

PVR is currently trading at Rs. 1664.65, up by 8.15 points or 0.49% from its previous closing of Rs. 1656.50 on the BSE.

The scrip opened at Rs. 1652.95 and has touched a high and low of Rs. 1677.50 and Rs. 1630.00 respectively. So far 22622 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2211.55 on 04-Aug-2022 and a 52 week low of Rs. 1224.70 on 20-Dec-2021.

Last one week high and low of the scrip stood at Rs. 1778.80 and Rs. 1630.30 respectively. The current market cap of the company is Rs. 10160.32 crore.

The promoters holding in the company stood at 16.99%, while Institutions and Non-Institutions held 62.75% and 20.26% respectively.

PVR is planning to invest up to Rs 350 crore to open 100 new screens in FY23. Locations, where it intends to expand, include Rourkela, Dehradun, Vapi, Chennai, Coimbatore, Thiruvananthapuram and Ahmedabad. The investments will be funded by cash balances from internal accruals and also some debt.

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.

Peers
Company Name CMP
PVR Inox 1329.05
Saregama India 500.40
Shemaroo Entertain. 119.75
UFO Moviez India 61.00
Balaji Telefilms 95.70
View more..