02 Aug 2024

PVR INOX Rises on Launch of 9-Screen Multiplex in Ahmedabad

PVR INOX is trading at Rs. 1491.95, a gain of 1.45 points or 0.10% from its previous close of Rs. 1490.50 on the BSE.

The stock opened at Rs. 1471.10, reaching a high of Rs. 1494.60 and a low of Rs. 1471.10 during the session. A total of 8934 shares have been traded so far.

With a face value of Rs. 10, this BSE group 'A' stock hit a 52-week high of Rs. 1879.75 on 08-Sep-2023 and a 52-week low of Rs. 1203.70 on 04-Jun-2024. Over the past week, the stock's high was Rs. 1537.60, and its low was Rs. 1471.10. The company's current market capitalization stands at Rs. 14566.28 crore.

The promoter's holding in PVR INOX is 27.84%, with institutions holding 56.86% and non-institutions holding 15.31%.

PVR INOX has opened a new 9-screen multiplex at Phoenix Palladium Mall in Ahmedabad, marking the first luxury cinema in Gujarat with IMAX and LUXE formats. This addition increases PVR INOX's presence in Ahmedabad to 36 screens across six properties and in Gujarat to 134 screens in 28 cinemas. In Central India, the company now operates 210 screens in 43 properties.

The new multiplex, located in Thaltej, a prime area in western Ahmedabad, can accommodate 1283 guests. It features advanced cinematic technologies, including immersive 3D, Dolby 7.1 Audio, and 4K laser projection, enhancing the movie-viewing experience.

PVR INOX is the leading film exhibition company in India.