PVR rose 5.51% to Rs 721.75 at 14:10 IST on BSE on reports a foreign brokerage rated the stock 'new buy'.
Meanwhile, the BSE Sensex was up 310.03 points, or 1.12%, to 27,971.43.
On BSE, so far 24,000 shares were traded in the counter, compared with an average volume of 22,283 shares in the past one quarter.
The stock hit a high of Rs 728.70 and a low of Rs 692 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 572 on 23 January 2015.
The stock had outperformed the market over the past one month till 10 July 2015, rising 6.57% compared with 3.06% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 2.21% as against Sensex's 4.22% fall.
The small-cap company has an equity capital of Rs 41.55 crore. Face value per share is Rs 10.
Meanwhile, PVR announced during trading hours on Friday, 10 July 2015, that it received shareholders' approval for a preferential allotment of 50 lakh equity shares to three separate private equity firms at Rs 700 per share. PVR will issue 4.33 lakh shares to Plenty CI Fund, 4.47 lakh shares to Multiples Private Equity Fund II LLP and 41.19 lakh shares to Multiples Private Equity Fund I.
On a consolidated basis, PVR reported net loss of Rs 35.65 crore in Q4 March 2015 as against net profit of Rs 0.74 crore in Q4 March 2014. Net sales declined 5.41% to Rs 297.04 crore in Q4 March 2015 over Q4 March 2014.
PVR Cinemas is the largest cinema exhibition company in the country.
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