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PVR hits 52-week high on block deal; scrip soars over 8%

By Religare

PVR hits 52-week high on block deal; scrip soars over 8%
Shares of Priya Village Roadshow (PVR) Cinemas, one of the largest cinema chains in India, soared over 8 per cent, hitting 52-week high, on Bombay Stock Exchange, buoyed by the bulk deal.

A combination of 0.92 lakh shares have changed hands on the counter in early noon deals corresponding to an average of 0.64 lakh shares traded on daily basis on BSE.

Shares of the company started the day on positive note and witnessed a gain of as much 8.47 per cent to touch 52-week high at Rs 234.80 a piece on BSE.

In a similar fashion, shares of the company were trading at Rs 228.10, up 4.66 per cent on the National Stock Exchange.

Meanwhile, the broader benchmark Sensex was quoting at 18,756.74, up 43.19 points or 0.23 per cent at 11:50 hours.

Read more about: pvr
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