With limited space for expansion, Mumbai has very few property locations that have evolved to meet the requirements of modern home buyers. Thane, on the other hand, is one location that perfectly suits the R
PVR on Tuesday closed a deal acquiring DLF's DT Cinemas for Rs 500 crore, which marked yet another consolidation in the movie exhibition space in India.
SP Tulsian of sptulsian.com suggests booking some profit in Inox Leisure.
Ajay Bijli, chairman and managing director, PVR says the company is in sync with the right locations and hence has very good lease rentals.
Analysts feel the robust seat additions, successful films and higher footfalls will drive PVR's revenue and profit growth during the June quarter.
PVR business this season has been on upswing as it has not been affected by Indian Premiere League compared to previous years, says Pramod Arora, President & CEO of the company in an interview to CNBC-TV18. However, Arora expects a rise in the average ticket prices in the near term in-line with the inflation anticipated at 7-8 percent.
Multiplex chain operator PVR on Tuesday said it has completed acquisition of a controlling stake in Cinemax India for Rs 395 crore. In an interview to CNBC-TV18, Ajay Bijli, CMD of PVR talked about the operational synergies. He said that as the final acquisition has happened, we are looking at getting lots of operational efficiencies.
Nitin Sood, chief financial officer, PVR told CNBC-TV18 that the combined leverage of both PVR and Cinemax would be around Rs 600 crore once the entire transaction is over.
PVR | Cinemax | REC | Ranbaxy | Tata Steel | Lanco Infra and Rohit Ferro Tech are stocks, which are in news today.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com talked about the stock which has been under pressure is GMR and Cinemax promoters who sold stake to PVR for Rs 395 crore. He believes that the promoters of Cinemax have been able to extract very good valuations. With regards to FDI he said voting is positive news to break the lock-jam.
The Indian market remained listless on Thursday. Investors were sceptical due to stormy beginning of the winter session of Parliament.
Cinemax has demerged its business into two arms, one dealing with the multiplex business and the other having exhibition rights. Jitendra Mehta, Group CFO of Cinemax told CNBC-TV18, the company at present is willing to invest only Rs 8 to Rs 10 crore every year in Cinemax Properties.
The ongoing final year exams, Cricket World Cup and the euphoria over forthcoming IPL have taken a toll on the multiplex stocks in the January-March quarter. During this period, most multiplex scrips were trading at or are near their 52-week lows.
Cinemax - one of India’s leading multiplex was awarded the "Most Admired Entertainment Retailer - Offline Category” award, at the 2nd edition of Shoppers and Consumers Insights Awards, held at Taj Land’s End on 8th February, 2011.
Cinemax consolidated Q3 revenue was up 12.1% at Rs 67.4 crore versus Rs 60.1 crore, YoY.