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Vote Now. Comments 0. Be the first one to comment. Read All Comments Post a Comment. The total number of shares traded during the day was in over trades. The stock hit an intraday high of Rs. The net turnover during the day was Rs. Mutual Funds. Follow equitybulls. Also, the fact that south India is heavy on single screens shows that there is an opportunity to expand the multiplex footprint.
But for a very long time, a lot of these cinemas were being built, retail revolution was on the way. So now there is a sense of newer brands coming in, shopping experiences changing and out-of-home entertainment forming a new segment," said Gautam Dutta, chief executive officer, PVR Cinemas. PVR has signed deals with real estate companies Prestige Group and Brigade Group, and is looking at opening screens in Mysore and Kochi and has projects lined up over the next five years with an investment of Rs.
Film viewers in the south are able to consume nearly four or five languages sometimes. Besides, their love for cinema is phenomenal and people consuming three films a week is not unheard of, which presents a great opportunity for multiplex owners.
But there are challenges too. PV Sunil, managing director of Carnival Cinemas , said while south India is incomparable in terms of footfalls, there are also inconsistencies when it comes to structure and functioning. Dealing with different GST and local body rates and distributor and exhibitor shares is tough. Carnival leads the multiplex race in Kerala with 52 screens, having opened one in Thiruvananthapuram last month.
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