Multiplex operator PVR Ltd. rose as much as 7 percent, the most in the two months, to Rs 1,498.50. The move took the scrip above its 100-day moving average -- a bullish technical indicator.
Trading volume jumped more than two times its 20-day average on the National Stock Exchange. PVR has a market capitalisation of Rs 6,900 crore.
Of the 19 analysts covering the stock, 13 have a buy rating and 4 have a hold, Bloomberg data showed. Year-to-date, the stock has run up more than 27 percent, while analysts are expecting a potential upside of 7 percent on the stock in the next 12-months.
The stock is currently trading at price-to-earnings ratio of 71.68 times, while for the financial year 2018 it is expected to trade at 38.9 times, Bloomberg showed.
#BQSpotted by @soumeet_sarkar | PVR rose as much as 7%.https://t.co/yxFC95EA9H pic.twitter.com/F1UCQ8VNIh
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