Adlabs Share Price gained over 7% today at NSE

Adlabs Entertainment Limited is occupied in the business of development and operations of theme-based entertainment destinations in India including retail merchandising and food and beverages (F&B). The Company's segments include Tickets, Restaurants, Merchandise, Hotel and Other Operations. It also owns and operates an integrated entertainment holiday destination, IMAGICA.

Today, Adlabs share price surged 7 per cent today and traded at the intraday high of 80.30 at NSE.

Manmohan Shetty, Chairman, Adlabs Entertainment said in an interview that more than focusing on profits they are working out how to increase the footfalls. The company, since its start, has changed its pricing strategy and has experimented with pricing. Demonetization also has impacted their business because people usually prefer to spend cash. That has reduced a lot. He also said that they are planning to repay their debts by either monetizing their real estate or by diluting stakes.

Meanwhile, Adlabs share price closed at Rs. 78.15 while it was last traded at Rs. 78.65, up by 5.01 per cent. The stock had opened at Rs. 76.30 as compared to its previous day’s close of Rs. 74.90. Over five lakh shares were traded today as compared to its twenty day trading average of 1.70 lakh shares.

The entertainment giant has the market cap of 598.43 crores as on December 15^th 2016 and 59 per cent promoter holdings pledged. The face value Rs. 10 shares have the book value of Rs. 75.51 each. The share has the beta of 1.11 and is currently trading below its 50 DMA. It has posted the sales of Rs. 36.92 crores and a net loss of Rs. 43.95 crores for the quarter ended September 2016. Adlabs is identified among the top 500 performing stocks for the quarter by Dynamic Levels. For the details on the resistance and support levels of the stock, please visit the Adlabs share price forecast page of Dynamic Levels website.