Multiplex Stocks in News

PYRAMID SAI MIRA THEATERS: (NSE/BSE: 532791 Rs.331.65. Recent high Rs.487):

Target Rs.400. What is the latest Buzz in this counter that is moving it up?

PSTL’s strategy is to distribute digital films simultaneously in a large number of cinema halls. This will bring in maximum revenues for the company. Pyramid Saimira Theatre (PSTL) surged 10% to Rs 331.65, after the company announced RM 10 million investments plans to digitalize about 50 theatre screens in Malaysia. The company also announced that it would be producing its first Tamil film in Malaysia, which will be released internationally

SHREE ASHTAVINAYAKA CINE

(BSE: 532793 Rs.173.85.) As the chart indicates It has come down sharply from Rs. 383 that is the top it reached in Feb 07 to Rs.140 in March 07.The IPO was issued at Rs.160.):

Short term target Rs.250. The company is engaged in production of full-length films and has subsequently entered film distribution, its stronghold being the Mumbai territory, which also includes Gujarat, Western Maharashtra and Northern Karnataka. Territory. It has produced films like Golmal, Bhagam Bhag, Jaane Man, Phir Hera Pheri Etc. The co is about to announce its plans for a new film. Hence accumulation is going on.

Cinemax (NSE/BSE: 532807)
If the craze to chase the multiplexes continues the next best bet will be Cinemax. When the shares got listed it opened around a high of Rs.204. This share was running along with all the new listing which were enjoying huge following. Then came the inquiry into whether there is any rigging. Then came the fall that bought down Cinemax to a low of Rs.104 in March 07

After a long break a bull grip is now building up in Cinemax (NSE/BSE: 532807) It has started recovering from its low of its low of Rs.104 and has been on the move and touched Rs.133.55 on Friday. Current confidence for the operators to have come from the news below:

ICICI Prudential Life Insurance Company has mopped up additional shares of multiplex operator Cinemax India. It acquired 1.94 lakh shares of Cinemax through open market purchases on 28 March 2007. It now holds 14.31 lakh shares in Cinemax which is a 5.11% stake