Pyramid Saimira Theatre surged 10% to Rs 401.30, extending a solid surge over the past few days.
As many as 11.9 lakh shares changed hands in the counter on BSE.
The post-listing surge of film distribution and exibition Pyramid Saimira Theatre (PSTL) had caught market men by surprise. From Rs 158.20 on 5 January 2007 (closing price on BSE on the day of its debut), the stock was valued 153.6% in less than a month. The company had priced its IPO at the higher end of the Rs 88 - Rs 100 price-band.
On 22 January 2007, UBS Securities purchased 2.2 lakh shares at Rs 211 on BSE in a block deal. On the same day, it bought 2.3 lakh share on NSE at Rs 211.55.
Recently, the companys board approved an arrangement with Ritual Developers, Bangalore, for constructing 15 malls, whereby Pyramid will establish and manage multiplexes in Karnataka.
The companys board has also authorized the managing director to complete the negotiations pending for Pyramid's foray into northern and western (Chattisgarh, Uttar Pradesh, Madhya Pradesh, Maharashtra and Gujarat) regions. The board also authorized the managing director to discuss with the various developers with whom the company has entered into agreement for multiplexes, for a long term strategic relationship, including formation of a special purpose vehicle (SPV).
The board has also authorized the managing director to look for inorganic growth opportunities in Pyramid's core business exhibition.
PSTL is focussed on distribution and exhibition of films. The company had 194 screens under operational management as at end December 2006. The objective of PSTL is to have a presence in all categories of theatres including malls, multiplexes, cineplexes and standalones across the country in Tier I, II and III locations through a long-term lease, improvement in their infrastructure and conversion into digital theatres. The company is establishing an integrated network-operating center to convert films into digital formats. Digital theatres will also function as the delivery medium for other entertainment content and educational centres.
PSTLs strategy of digital distribution of films in a large number of theaters, simultaneously, as well as improving the film viewing experience will help it to get maximum revenues from the first week of the release of a new film. This augurs well for the company at a time when the shelf-life for films has decreased significantly. Showing new films every week/fortnight is the key to success in distribution and exhibition.
The company reported a net profit of Rs 5.15 crore in the December 2006 quarter on total income of Rs 46.05 crore. For nine-months ended April-Dec 2006, the company reported a net profit of Rs 10.04 crore on revenue of Rs 98.58 crore.
As many as 11.9 lakh shares changed hands in the counter on BSE.
The post-listing surge of film distribution and exibition Pyramid Saimira Theatre (PSTL) had caught market men by surprise. From Rs 158.20 on 5 January 2007 (closing price on BSE on the day of its debut), the stock was valued 153.6% in less than a month. The company had priced its IPO at the higher end of the Rs 88 - Rs 100 price-band.
On 22 January 2007, UBS Securities purchased 2.2 lakh shares at Rs 211 on BSE in a block deal. On the same day, it bought 2.3 lakh share on NSE at Rs 211.55.
Recently, the companys board approved an arrangement with Ritual Developers, Bangalore, for constructing 15 malls, whereby Pyramid will establish and manage multiplexes in Karnataka.
The companys board has also authorized the managing director to complete the negotiations pending for Pyramid's foray into northern and western (Chattisgarh, Uttar Pradesh, Madhya Pradesh, Maharashtra and Gujarat) regions. The board also authorized the managing director to discuss with the various developers with whom the company has entered into agreement for multiplexes, for a long term strategic relationship, including formation of a special purpose vehicle (SPV).
The board has also authorized the managing director to look for inorganic growth opportunities in Pyramid's core business exhibition.
PSTL is focussed on distribution and exhibition of films. The company had 194 screens under operational management as at end December 2006. The objective of PSTL is to have a presence in all categories of theatres including malls, multiplexes, cineplexes and standalones across the country in Tier I, II and III locations through a long-term lease, improvement in their infrastructure and conversion into digital theatres. The company is establishing an integrated network-operating center to convert films into digital formats. Digital theatres will also function as the delivery medium for other entertainment content and educational centres.
PSTLs strategy of digital distribution of films in a large number of theaters, simultaneously, as well as improving the film viewing experience will help it to get maximum revenues from the first week of the release of a new film. This augurs well for the company at a time when the shelf-life for films has decreased significantly. Showing new films every week/fortnight is the key to success in distribution and exhibition.
The company reported a net profit of Rs 5.15 crore in the December 2006 quarter on total income of Rs 46.05 crore. For nine-months ended April-Dec 2006, the company reported a net profit of Rs 10.04 crore on revenue of Rs 98.58 crore.
, I did faced similar problem for some other stocks which were hitting LC often and I couldn't able to sell them, one possible way is to place offline order at night say arnd 11 PM, but for PSTL is concerned there are a huge no of sell orders in que, not sure if you can able to sell it.. but you can try putting order late night.