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PVR, Inox Leisure hit seven-month low; tank up to 28% in a month


Shares of multiplex operators like PVR and Inox Leisure continued to remain under pressure, hitting seven-month lows on the BSE in intra-day trade on Friday after Delhi Chief Minister Arvind Kejriwal announced sweeping restrictions in a bid to break the chain of Covid-19 infections in the city.
Among individual stocks, PVR slipped 3 per cent to Rs 1,030, while Inox Leisure dipped 2.5 per cent to Rs 248.45 on the BSE in intra-day trade today. Both these stocks are trading at their lowest level since September 2020. In the past one month, PVR (down 28%) and Inox Leisure (down 25.2%) have underperformed the S&P BSE Sensex, which fell 3 per cent during the period. ....

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multiplexes: PVR, Inox Leisure fall amid new Covid-19 curbs


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MUMBAI: Shares of PVR and Inox Leisure, two of the country’s largest theatre-chain owners, fell on Tuesday as investors were skeptical about the sector’s recovery in light of stricter-than-expected restrictions imposed in Maharashtra to control the rise in Covid-19 cases.
Maharashtra on Sunday shut down theatres and multiplexes in a bid to curb rising infections. With cases rising in most other parts of the country, investors fear more restrictions on operations of theatres may come soon.
The state government’s move will further cripple the nascent recovery in the theatre business, while it will now raise concerns over the companies’ ability to remain operational if the current restrictions were extended. ....

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PVR, Inox Leisure shares fall 8% as spike in COVID-19 cases to delay biz recovery


PVR, Inox Leisure shares fall 8% as COVID-19 cases delay biz recovery
PVR share price declined as much as 8.05 per cent to hit day s low of Rs 1,144.60, while Inox Leisure shares fell 8 per cent to touch intraday low of Rs 256.60 on the BSE
BusinessToday.In | April 5, 2021 | Updated 16:22 IST
PVR, Inox Leisure stock drop 8%
Shares of multiplex chain operators PVR and Inox Leisure tumbled over 8 per cent on Monday as rising COVID-19 cases raised concerns over the pace of business growth. The move by the Maharashtra government, the worst affected state by the coronavirus, to impose restrictions and shut down cinema halls, theatres and multiplexes for public access spooked investors sentiments. ....

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