Pyramid Saimira can entertain by its growth plan

Investors should ‘buy’ the stock on declines as it could be a good long-term bet. The company, engaged in distribution and exhibition of films, plans to enter into movie making business with plans to make 40 movies in five languages by FY09. “Expectation is subsidiaries of PSTL, Pyramid Saimira Production and Singapore based Pyramid Saimira Entertainment to witness huge growth in coming quarters,”. The company’s capex plans also include development of 200 malls and 175 multiplex with around 2,000 screens by FY10. Recently, PSTL acquired Texas based FunAsia an existing theatre and radio network in Chicago and Houston.