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PVR gains after large bulk deal

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PVR rose 1.34% to Rs 689.35 at 11:59 IST on BSE after 2.19% stake changed hands in a bulk deal on the BSE today, 10 February 2015.

A bulk deal of 9.10 lakh shares was executed on the PVR scrip at Rs 680 per share at 09:45 IST on BSE today, 10 February 2015.

Meanwhile, the BSE Sensex was up 286.93 points, or 1.02%, to 28,514.32

Bulk deal boosted volume on the PVR scrip. On BSE, so far 9.13 lakh shares were traded in the counter, compared with an average volume of 6,847 shares in the past one quarter.

The stock hit a high of Rs 692 and a low of Rs 672.65 so far during the day. The stock hit a record high of Rs 751 on 12 January 2015. The stock hit a 52-week low of Rs 465 on 31 March 2014.

 

The stock had underperformed the market over the past one month till 9 February 2015, falling 5.17% compared with 2.80% rise in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 2% as against Sensex's 1.29% rise.

The small-cap company has an equity capital of Rs 41.40 crore. Face value per share is Rs 10.

On a consolidated basis, PVR's net profit rose 122.8% to Rs 31.55 crore on 24.3% increase in net sales to Rs 421.18 crore in Q3 December 2014 over Q3 December 2013.

PVR Cinemas, the largest cinema exhibition company in the country presently stands at a count of 462 screens in 104 properties in 44 cities.

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First Published: Feb 10 2015 | 12:12 PM IST

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