Pyramid Saimira Theatre gained 2.64% to Rs 305 at 11:44 IST on BSE after the company said its unit has entered into a partnership with Europe's Spize TV, a direct-to-home platform, for content and new channels.
The company made this announcement during trading hours today,
The stock hit a high of Rs 318.50 and a low of Rs 297 so far during the day. The stock had a 52-week high of Rs 551 on
The company’s current equity is Rs 28.28 crore. Face value per share is Rs 10.
The current price of Rs 305 discounts its Q3 December 2007 annualized EPS of Rs 42.23, by a PE multiple of 7.22.
Pyramid Saimira Theatre’s net profit rose 479.8% to Rs 29.86 crore on 402.5% growth in net sales to Rs 231.42 in Q3 December 2007 over Q3 December 2006.
Spize TV is a pan-European DTH platform offering Asian and niche content. The platform will have bouquets in various Indian languages and is soon starting Chinese and Spanish offerings, Pyramid Saimira Theatre said.
Pyramid Saimira Theatre is focused on distribution and exhibition of films. Its objective is to have presence in all categories of theatres including malls, multiplexes, cineplexes and standalones across the country in tier I, II and III locations.
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