PVR shares bounce back; settle in green

Erasing all its early losses, stock of multiplex operator PVR today ended with 1 per cent gain on value-buying even as the company reported a consolidated net loss of Rs 36.35 crore for the quarter ended March 31.
The stock ended at Rs 672, up 1.01 per cent from its previous close on the BSE. In intra-day trading, it had lost 6.86 per cent to Rs 619.65.
On the NSE, it settled with a gain of 1 per cent at Rs 672.60.
The stock gained on value-buying at lower levels.
PVR on Friday reported a consolidated net loss of Rs 36.35 crore for the quarter ended March 2015 as there was no big release during the ICC Cricket World Cup period.

The company had posted a net profit of Rs 0.74 crore for the same period previous fiscal, PVR said in a filing to BSE.
Its net sales stood at Rs 297.04 crore during the quarter under review, up 5.40 per cent, as against Rs 314.02 crore in the same period of 2013-14.
Meanwhile, the BSE 30-share index, Sensex, ended at 27,848.99, up 20.55 points.