PVR, the largest multiplex operator in
India, surged on Friday after it entered into an agreement for the
sale of its Anupam Multiplex property for a total consideration of
Rs 520 million.
The company has simultaneously along with the above sale also
entered into a long term lease agreement with the buyer of the
multiplex property to continue to operate the multiplex property. Shares ofthe companyare trading at Rs
500.95, up Rs 16.15, or 3.33% at the Bombay Stock Exchange (BSE) on
Friday at 12:01 p.m.The scrip has touched an intra-day high of Rs
511.60 and low of Rs 483. The total volume of shares traded at the
BSE is 7,040.In the earlier session, the shares fell 0.81%, or Rs
3.95, at Rs 484.80. Currently, the stock is trading down 11.63%
from its 52-week high of Rs 566.90 and above 136.3% over the
52-week low of Rs 212.