Food court foray boosts PVR

DALAL STREET SPIKES

PVR rose nearly 3 per cent to Rs 191.95 on the BSE, after joining hands with the Dabur group co-promoter, Amit Burman to set up food courts all over the country. PVR will have a 30 per cent stake in the joint venture.

PVR's net profit rose 86 per cent to Rs 6.25 crore on 42.3 per cent growth in net sales to Rs 61.89 crore in Q2 September 2007 over Q2 September 2006. The company is engaged in operating multiplex cinemas.