Shares of multiplex chain operator PVR rose over 4 per cent today after the firm reported narrowing of its consolidated loss for the quarter ended March 2022. PVR stock touched an intraday high of Rs 1,785.2, rising 4.71 per cent against the previous close of Rs 1704.95 on BSE.
Shares of PVR are trading higher than 50 day, 100 day and 200 day moving averages but lower than 5 day and 20 day moving averages.
PVR stated, "We believe that the pandemic may adversely impact the business in the short term, but the long-term drivers of the business are intact and we do not anticipate any material medium to long term risks to the business."