KSS to expand its miniplexes in smaller towns

KSS Limited has chalked out a huge expansion plan for its miniplex business in Tier-II and Tier-III cities over next 5 years with an investment of Rs. 90 crore along with its franchisees.

The company is now expanding its reach in states like Gujarat, Maharashtra, Uttarakhand, Punjab, Chattisgarh, UP, MP, Rajasthan and Goa. The company plans to roll out over 180 screens covering almost 80 locations in the country in next 5 years. KSS is currently having around 80 screens under various stages of implementation. 17 screens are already operational and 13 more screens will be added by end of March 2015. The company plans to add additional 50 screens by March 2016 and remaining by March 2017.

Shares of KSS Limited was last trading in BSE at Rs.13 as compared to the previous close of Rs. 13. The total number of shares traded during the day was 4652204 in over 1671 trades.

The stock hit an intraday high of Rs. 13.15 and intraday low of 13. The net turnover during the day was Rs. 60640091.

Source : Equity Bulls

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