PVR hits record high

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

Meanwhile, the S&P BSE Sensex was down 49.07 points or 0.17% at 29,412.38. The S&P BSE 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.

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

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