PVR INOX Adds a Garden-Themed Multiplex in Kochi, Taking Its Network to 1,797 Screens
India, Sept. 28 -- The country's largest cinema chain has added another address in Kerala, this time in Kochi, one of the state's busiest commercial centres. The design draws on local art and heritage instead of a standard multiplex template. It arrives after a quarter in which the company swung to profit and moved into a net cash position. What the opening says about its push into the South, and how it fits the wider expansion plan, is covered below, along with key numbers.
Shares of PVR INOX Ltd are trading at Rs. 1,227.60, down 2.15 percent on Monday. The stock touched the intraday high of Rs. 1,257.40 after opening at Rs. 1,252.00 before slipping to a low of Rs. 1,222.00. The company commands a market capitalization of Rs. 12,055.03...
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