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PVR hits record high

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was up 1.07% to Rs 1,580 at 12:02 on on reports a foreign brokerage has maintained buy rating on the stock for a target price of Rs 1,850.

Meanwhile, the S&P Sensex was down 49.07 points or 0.17% at 29,412.38. The S&P Mid-Cap index was up 1.81 points or 0.01% at 14,352.77.

On the BSE, 6,211 shares were traded on the counter so far as against the average daily volumes of 17,778 shares in the past one quarter. The stock had hit a high of Rs 1,588 so far during the day, which is a record high. The stock hit a low of Rs 1,572 so far during the day.

The stock had hit a 52-week low of Rs 795 on 13 April 2016. It had outperformed the market over the past one month till 13 April 2017, advancing 9.68% compared with the Sensex's 1.78% rise. The scrip had also outperformed the market over the past one quarter gaining 33.39% as against the Sensex's 8.16% rise.

The mid-cap company has equity capital of Rs 46.74 crore. Face value per share is Rs 10.

PVR's consolidated net profit fell 20.8% to Rs 23.89 crore on 7.1% rise in net sales to Rs 528.70 crore in Q3 December 2016 over Q3 December 2015.

is the largest and the most premium film and retail entertainment company in India.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, April 17 2017. 12:04 IST