Cinemax jumps to 52-wk high on screen launch
Cinemax closed a Rs 78, stronger by Rs 2 or 2.9%, on the BSE.
The stock had opened at Rs 77 and touched a high of Rs 80 and a low of Rs 76 during the day.
A total of 2.16 crore shares were traded on the BSE as against the two-week average of 2.05 crore shares.
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(Updated at 0954am)
Cinemax has gained following the launch of two additional screens in Mumbai.
The stock opened at Rs 77 and touched a low of Rs 76.85. From there it surged 5% to touch a new 52-week high of Rs 80.80. The stock is now trading with a gain of 4% at Rs 80. Around 1.13 lakh shares have been traded on the counter so far.