Pyramid Saimira: Match fit

STOCKS IN THE NEWS

Pyramid Saimira Theatre has tied up with B&B Infrastructure for setting up 15 multiplexes in Karnataka and with Kalyana Malai, Matrimonial Pvt.Ltd to set up marriage bureaus at Pyramid's locations across India.

The stock has moved up 56 per cent last week on the news with average daily turnover increased five-fold to 1.29 crore shares. The stock moved up from Rs 190.15 on January 19 to Rs 296 on Thursday, January 25.

The company went public in December 2006 at an offer price of Rs 100 a share. The shares were listed in January at Rs 158.19 and have appreciated by around 100 per cent less than a month.

Kalyanamali will have its online marriage bureau in Pyramid theatres, wherein prospective brides and grooms video introduction will be taken, detailed registration done, marriage making done through exhaustive search, and video online interaction between selected grooms and brides will be arranged.

The matchmaking and marriage industry is estimated to be around Rs 50,000 to 80,000 crore and is growing at 25 per cent a year.