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Inox Leisure gains after starting operations of cinema theatre at Jamnagar

Inox Leisure gains after starting operations of cinema theatre at Jamnagar

Feb 27,2017

The announcement was made on Saturday, 25 February 2017.

Meanwhile, the S&P BSE Sensex was up 29.74 points or 0.1% at 28,922.71.

On the BSE, 21,219 shares were traded in the counter so far as against average daily volume of 21,692 shares in the past one quarter. The stock had hit a high of Rs 246.95 and a low of Rs 237.15 so far during the day. The stock had hit a record high of Rs 292.90 on 2 September 2016. The stock had hit a 52-week low of Rs 184.15 on 29 February 2016.

The stock had underperformed the market over the past one month till 23 February 2017, falling 1.27% compared with the Sensexs 6.55% rise. The scrip had also underperformed the market over the past one quarter, gaining 6.18% as against the Sensexs 10.91% rise.

The small-cap company has equity capital of Rs 96.46 crore. Face value per share is Rs 10.

Inox Leisure said that the theatre taken on a lease basis is located at Jamnagar, Gujarat. The operations started with effect from 24 February 2017. The multiplex cinema theatre has 5 screens and 954 seats.

Inox Leisure is now present in 58 cities with 115 multiplexes, 454 screens and a total seating capacity of 1.15 lakh seats across India.

Inox Leisures consolidated net profit fell 78% to Rs 3.75 crore on 1.2% decline in net sales to Rs 279.22 crore in Q3 December 2016 over Q3 December 2015.

Inox Leisure is the diversification venture of the Inox group into entertainment.

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