Inox Leisure to entertain India with more screens
DSIJ Intelligence / 16 Aug 2017
Announcing a huge expansion programme, Inox Leisure, the owner of multiplex cinema halls, has stated that it will invest nearly Rs 100 crore to open up 39 more screens this financial year and push its total of screens to 500.
Announcing a huge expansion programme, Inox Leisure, the owner of multiplex cinema halls, has stated that it will invest nearly Rs 100 crore to open up 39 more screens this financial year and push its total of screens to 500. As of now, the company operates 475 screens in 58 cities.
According to Alok Tandon, CEO, Inox Leisure, a new screen pipeline for the remaining part of this financial year includes nine properties with 39 screens and 6,577 seats.
The stock though traded in red, slipping 0.24% at Rs 245.50 per share on the BSE. The company has displayed consistent profit growth of 53.19% over five years and has a return on equity of 7.99% for the last three years.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.