PVR gained 1.43% to Rs 198.30 at 14:24 IST on BSE, on reports it will invest Rs 400 crore in the next three years to set up 250 new screens across the country.
Meanwhile, BSE Sensex was down 279.83 points or 1.50% to 18,322.79.
On BSE 13,858 shares were traded in the counter. The scrip had an average daily volume of 21,663 shares in the past one quarter.
The stock hit a high of Rs 205.70 and a low of Rs 195.50 so far during the day. The stock had a 52-week high of Rs 267.90 on 23 November 2006 and a 52-week low of Rs 148.35 on 8 March 2007.
PVR had outperformed the market over the past one month till 21 November 2007, gaining 9.83% compared to the Sensex’s return of 0.59%. It had underperformed the market in the past one quarter, rising 9.46% compared to Sensex’s rise of 31.34%.
The company’s current equity is Rs 23.01 crore. Face value per share is Rs 10.
The current price of Rs 198.30 discounts Q2 September 2007 annualized EPS of Rs 10.86 by a PE multiple of 12.26.
The company today launched its premium brand of multiplex PVR Premiere. The company is targeting metros and cosmopolitan cities in the country to set up 30-40 screens of the new brand by 2010.
The company would fund expansion through a mix of equity, debt and internal accruals.
PVR’s net profit rose 86% to Rs 6.25 crore on 42.3% growth in net sales to Rs 61.89 crore in Q2 September 2007 over Q2 September 2006.
The company is engaged in operating multiplex cinemas.