Shringar Cinemas closes food court operations at Surat

Shringar Cinemas Ltd has announced that the Company's Management has closed the food court operations at Surat which was operated through the Company's 100% subsidiary namely Big Pictures Hospitality Services Pvt Ltd with effect from August 15, 2007.

In the Financial Year 2007-08, the Company expects to start food court operations at Baroda and Panchkula to be carried out by Big Pictures Hospitality Services Pvt. Ltd.

The stock closed the day at Rs.57.25, down by Rs.2.10 or 3.54%. The stock hit an intraday high of Rs.58.90 and low of Rs.56.55. The total traded quantity was 41592 compared to 2 week average of 115600.

Source : Equity Bulls

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