PVR gains as its arm expects revenue to exceed pre-COVID level in FY22

PVR is currently trading at Rs. 1489.05, up by 2.70 points or 0.18% from its previous closing of Rs. 1486.35 on the BSE.

The scrip opened at Rs. 1495.00 and has touched a high and low of Rs. 1519.80 and Rs. 1481.00 respectively. So far 297974 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2,082.82 on 20-Feb-2020 and a 52 week low of Rs. 706.55 on 19-May-2020.

Last one week high and low of the scrip stood at Rs. 1519.80 and Rs. 1459.00 respectively. The current market cap of the company is Rs. 9034.59 crore.

The promoters holding in the company stood at 18.79%, while Institutions and Non-Institutions held 65.11% and 16.10% respectively.

PVR’s subsidiary company -- PVR Pictures is expecting its revenue to return to pre-COVID levels in FY22 backed by a strong pipeline of films, scheduled to be released after March. The company has a strong pipeline of star-studded Indian and regional films along with foreign language films and expects the second half of FY 2021-22 to be even better than the pre-COVID.

PVR is the largest and most premium film exhibition company in India. Since its inception in 1997, the brand has redefined the way entertainment is consumed in the country.

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