PVR Ltd is up for a fifth straight session today. The stock is quoting at Rs 1063.2, up 1.86% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.06% on the day, quoting at 10757.25. The Sensex is at 36512.63, up 0.07%. PVR Ltd has slipped around 8.44% in last one month.

Meanwhile, Nifty Media index of which PVR Ltd is a constituent, has slipped around 1.21% in last one month and is currently quoting at 1376.6, up 0.42% on the day. The volume in the stock stood at 14.66 lakh shares today, compared to the daily average of 34.62 lakh shares in last one month.

The benchmark July futures contract for the stock is quoting at Rs 1040.1, up 1.4% on the day. PVR Ltd is down 34.31% in last one year as compared to a 6.93% slide in NIFTY and a 30.41% slide in the Nifty Media index.

The PE of the stock is 177.75 based on TTM earnings ending March 20.

Powered by Capital Market - Live News

The Board of PVR at its meeting held on 06 July 2020 has approved the following terms of the Rights Issue:

(a) Rights Issue Price: Rs 784 per equity share (including a premium of Rs 774 per equity share over face value of Rs 10 per equity share); and

(b) Rights entitlement ratio:7 fully paid-up equity shares for every 94 equity shares held by eligible shareholders as on the record date; and

(c) the record date for the purpose of determining the shareholders eligible to apply for the equity shares in the Rights Issue as 10 July 2020 (¡§Record Date¡¨); and

(d) Rights Issue schedule:
„Ï Issue opening date: 17 July 2020
„Ï Issue closing date: 31 July 2020; and
„Ï Last date for on market renunciation: 24 July 2020.

Powered by Capital Market - Live News

PVR has fixed 10 July 2020 as record date for rights issue of equity shares.

Powered by Capital Market - Live News

Last month, PVR's board approved raising upto Rs 300 crore through rights issue of equity shares.

Shares of PVR rose 1.69% to Rs 1,032.50 on Friday.

The cinema chain operator reported consolidated net loss of Rs 74.49 crore in Q4 March 2020 compared with net profit of Rs 46.42 crore in Q4 March 2019. Consolidated net sales dropped 22.98% to Rs 645.13 crore in Q4 March 2020 over Q4 March 2019.

PVR is a film entertainment company, which is engaged in the motion picture exhibition in cinemas. Currently, the company operates 845 screens in 176 properties in 71 cities across India and Sri Lanka.

Powered by Capital Market - Live News