PVR and Mukta Arts rally on bourses as Baahubali 2 hits screens
The movie’s first part has received astonishing response, as in the first three days it harnessed Rs 161 crore in revenue and grossed over Rs 650 crore worldwide.
Shares of Mukta Arts surged 9.33% to Rs 116 on BSE. Mukta Arts is focused on value-for-money customers in mostly tier-II and tier-III cities, with less focus on tier-I cities.
Whereas, PVR Limited’s stocks gained as much as 3% on the NSE to Rs 1655 per share.
A leading news portal reported that, PVR’s average ticket price (ATP) is around Rs 200; average F&B spend per head (SPH) is Rs 85, and advertisement revenue per screen is around Rs 45 lakh; while the corresponding numbers for Mukta Arts are around Rs 120, Rs 33 and Rs 4 lakh, respectively.
The scrip opened at Rs 111 and has touched a high and low of Rs 116 and Rs 110.5 respectively. So far 1115169(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 239.59 crore.
The BSE group ‘B’ stock of face value Rs 5 has touched a 52 week high of Rs 132.5 on 18-Oct-2016 and a 52 week low of Rs 56 on 30-May-2016. Last one week high and low of the scrip stood at Rs 113 and Rs 94 respectively.
The promoters holding in the company stood at 70.37 % while Institutions and Non-Institutions held 0.06 % and 29.57 % respectively.
The stock is currently trading above its 100 DMA.