Gastronomic plans boost Pyramid Saimira

DALAL STREET SPIKES

Pyramid Saimira Theatre gained over 7 per cent from its previous close of Rs 327 to Rs 350.50, after touching an intraday high of Rs 373.35. Over 1.25 lakh shares were traded on the counter, as against a two-week average traded quantity of 44,305 shares.

The rally followed the company's announcement that it would consider venturing into the food and beverage business at its board meeting on Tuesday, February 19. The stock has lost ground over the past month, falling 23 per cent from the levels of Rs 455.