PVR scales record high after large bulk deal

PVR rose 2.47% to Rs 1,271.85 at 11:36 IST on BSE after a large bulk deal of 29.66 lakh shares was reportedly executed on the scrip at Rs 1,266 per share in opening trade on the NSE.

Meanwhile, the S&P BSE Sensex was up 142.74 points, or 0.52%, to 27,378.40

On BSE, so far 34,000 shares were traded in the counter, compared with average daily volume of 7,612 shares in the past one quarter. The stock hit a high of Rs 1,489.50 in intraday trade so far, which is record high for the counter. The stock hit a low of Rs 1,241.65 so far during the day. The stock hit a 52-week low of Rs 646 on 25 February 2016.

The stock had outperformed the market over the past 30 days till 17 January 2017, rising 14.74% compared with the 3.26% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 3.3% as against Sensex's 2.68% decline.

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

On a consolidated basis, net profit of PVR declined 4.93% to Rs 29.13 crore on 16.26% rise in net sales to Rs 541.01 crore in Q2 September 2016 over Q2 September 2015.

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

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