UFO Moviez recovers on bargain hunting

UFO Moviez India rose 4.6% to Rs 373.90 at 14:28 IST, with the stock recovering on bargain hunting after recent slide.

Meanwhile, the S&P BSE Sensex was up 274.38 points or 0.85% at 32,456.60. The S&P BSE Small-Cap index advanced 63.53 points or 0.38% at 16,967.18.

On the BSE, 4,068 shares were traded on the counter so far as against the average daily volumes of 7,044 shares in the past one quarter. The stock had hit a high of Rs 380 and a low of Rs 361.70 so far during the day. The stock had hit a 52-week high of Rs 503 on 1 November 2016 and a record low of Rs 316 on 11 August 2017.

The stock had underperformed the market over the past one month till 12 October 2017, sliding 11.65% compared with the Sensex's 0.07% rise. The stock had also underperformed the market over the past one quarter, declining 8.73% as against the Sensex's 1.19% rise. The scrip had also underperformed the market over the past one year, sliding 25.35% as against the Sensex's 14.6% rise.

The small-cap company has equity capital of Rs 27.60 crore. Face value per share is Rs 10.

Shares of UFO Moviez India had declined 9.17% in the preceding six trading sessions to settle at Rs 357.45 yesterday, 12 October 2017, from its close of Rs 393.55 on 4 October 2017.

On a consolidated basis, UFO Moviez India's net profit rose 98% to Rs 14.02 crore on 13.9% growth in net sales to Rs 153.68 crore in Q1 June 2017 over Q1 June 2016.

UFO Moviez India is India's largest digital cinema distribution network and in-cinema advertising platform in terms of number of screens.

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