PVR gains on fund buying

PVR rose 2.28% to Rs 637.90 at 9:57 IST on BSE after Sundaram Mutual Fund bought 1.39% stake in the company via bulk deals on BSE on Friday, 10 October 2014.

Meanwhile, the BSE Sensex was down 146.78 points, or 0.56%, to 26,150.60.

On BSE, so far 5,476 shares were traded in the counter, compared with an average volume of 25,078 shares in the past one quarter.

The stock hit a high of Rs 668.50 and a low of Rs 630.10 so far during the day. The stock hit a record high of Rs 746.50 on 19 September 2014. The stock hit a 52-week low of Rs 465 on 31 March 2014.

The stock had underperformed the market over the past one month till 10 October 2014, falling 12.03% compared with 2.81% fall in the Sensex. The scrip had also underperformed the market in past one quarter, falling 4.34% as against Sensex's 3.64% rise.

The small-cap company has an equity capital of Rs 41.25 crore. Face value per share is Rs 10.

On Friday, 10 October 2014, Sundaram Mutual Fund A/C Sundaram Select Micro-Cap Fund Series VI acquired 2.28 lakh shares of PVR at Rs 603 each on BSE.

Sundaram Select Mid-Cap Fund acquired 3.47 lakh shares of PVR at Rs 603 each. Sellers were not disclosed.

On a consolidated basis, PVR's net profit fell 43.7% to Rs 7.66 crore on 8.1% increase in net sales to Rs 361.69 crore in Q1 June 2014 over Q1 June 2013.

PVR currently operates a cinema circuit consisting of 454 screens spread across 102 cinemas covering 43 cities in India.

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