The company made this announcement during market hours today 12 March 2008.

Meanwhile, BSE Sensex was up 133.71 points or 0.83% to 16,260.66 as Asian stocks rose on news that US Federal Reserve would inject up to $200 billion of liquidity into strained credit markets.

On BSE, 68,449 shares were traded in the counter. The scrip had an average daily volume of 1.42 lakh shares in the past one quarter.

The stock hit a high of Rs 103.95 and a low of Rs 97.50 so far during the day. The stock had a 52-week high of Rs 179.40 on 27 December 2007 and a 52-week low of Rs 86.30 on 10 March 2008.

The small-cap scrip had underperformed the market over the past one month till 11 March 2008, declining 7.43% compared to the Sensex’s fall of 3.05%. It had also underperformed the market in the past one quarter declining 37.32% compared to Sensex’s decline of 20.87%.

The company’s current equity is Rs 28 crore. Face value per share is Rs 10.

The current price of Rs 101.50 discounts its Q3 December 2007 EPS of Rs 3.10, by a PE multiple of 32.74.

The company’s net profit declined 23.9% to Rs 2.17 crore on 11.8% rise in sales to Rs 20.73 crore in Q3 December 2007 over Q3 December 2006.

Cinemax India operates and owns the largest number of multiplexes in India. The company plans to increase the screen count to 141 screens at 42 locations by FY 2009.

Cinemax has also forayed into the gaming business, under the brand, Giggles-The Gaming Zone, at Eternity Mall, Thane. The 13,000 square feet area offers around 50 state-of-the-art games. It intends to open seven new gaming zones at its multiplexes by FY 2009.