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17-Jul2017

Mukta Arts trades with traction on the BSE

Mukta Arts is currently trading at Rs. 103.45, up by 1.55 points or 1.52% from its previous closing of Rs. 101.90 on the BSE.

The scrip opened at Rs. 102.10 and has touched a high and low of Rs. 105.00 and Rs. 101.00 respectively. So far 37382 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 132.50 on 18-Oct-2016 and a 52 week low of Rs. 61.35 on 16-Aug-2016.

Last one week high and low of the scrip stood at Rs. 108.00 and Rs. 100.75 respectively. The current market cap of the company is Rs. 232.81 crore.

The promoters holding in the company stood at 70.37%, while institutions and non-institutions held 0.06% and 29.57% respectively.

Mukta Arts' wholly-owned subsidiary - Mukta A2 Cinemas, is completing the fit-out work for two screen multiplex at Ahmedabad, Gujarat and four screen multiplex at Karimnagar, Andhra and both are expected to be operational by Dussehra this year. Apart from the above, work will soon start at Pune, Gurgaon and other places. The company is also negotiating for some running theatres which can be refurbished and completed soon.

Meanwhile, Whistling Woods International, another subsidiary of the company has registered 19% increase in admissions this month. Total strength of students has gone up to 930 from 730 registering an increase of 27% over previous year.

Mukta Arts is engaged in various areas of film making such as production, distribution, exhibition and imparting education.


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