PVR Inox shares jump 4% to new 52-week high as board mulls first ever share buyback on Aug 31. Here’s what we know so far
The shares of the company jumped to a fresh 52-week high of Rs 1,231.80 apiece on NSE on Tuesday. In an exchange filing released before market opened on Tuesday, PVR Inox said the board meeting has been scheduled for Monday, where the directors will consider and approve a proposal for buyback of the equity shares of the company, with a face value of Rs 10 each.
A buyback of shares refers to a corporate action where a company repurchases its own shares from existing shareholders. Usually, the company purchases the shares at a higher price than current levels, encouraging investors to participate.
What to watch out for in PVR Inox’s buyback?
The record date to determine the eligibility of shareholders set to participate in PVR Inox’s proposed buyback is yet to be determined. Only those shareholders who own PVR Inox shares in their demat accounts as on the record date will be eligible to participate in the multiplex chain operator’s first ever share buyback.
The company has not yet announced whether the buyback will be done via the tender route or the open market route. Whether promoters and promoter groups will participate in the buyback also remains among the key watches.
Also read | PVR INOX bets on smaller multiplexes as single-screens decline
PVR Inox share price
This comes after PVR Inox shares saw a sharp surge recently amid blockbuster releases, along with the stellar lineup ahead. The stock gained 4% in a week and 17% in a month, hitting a multi-month high of Rs 1,248.20 apiece on NSE yesterday. The stock is close to crossing its 52-week high of Rs 1,249.70 apiece, which it had hit in October 2025.PVR Inox shares have recovered around 38% from their 52-week low of Rs 907 apiece, which they hit in March this year. Overall, the stock is up more than 22% in 2026 so far.
In the longer term, however, the stock has delivered negative returns of 28% in three years and nearly 6% in five years. The company has a market capitalisation of nearly Rs 12,226 crore, with a P/E ratio of around 27x.
Also read | Lights, camera, collections: PVR Inox strikes back with a ‘Dhurandhar’ performance
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