Thursday, Nov 20 — Shares of UFO Moviez India Ltd jumped over 10% in early trade after the company announced a major strategic alliance with Miraj Cinemas, the country’s third-largest cinema exhibition chain.
At 9:23 AM, the stock was trading at ₹85.85, up 10.80% from Wednesday’s close of ₹77.48.
UFO Moviez informed that it has signed an exclusive agreement to manage cinema advertising rights across 239 screens operated by Miraj Cinemas. This marks one of the company’s most significant partnerships in the cinema advertising segment.
Following this collaboration, UFO Moviez’s total cinema advertising network will expand to more than 4,000 screens, strengthening its position as India’s leading in-cinema advertising platform.
The market reacted positively to the announcement, triggering sharp buying interest in early hours.
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