PVR, Inox Leisure shares fall as Maha govt shuts cinemas

4/5/2021

For any News Coverage, Please Contact: media@jhalak.com

 The shares of multiplex players PVR and Inox Leisure plunged on Monday post the Maharashtra government's decision to shut cinema halls and multiplexes amid rising number of Covid cases.

Around 12 noon, shares of PVR on the BSE were trading at Rs 1,136.20, lower by Rs 100.60 or 8.13 per cent from its previous close.

Stock price of Inox Leisure was trading at Rs 263.45, lower by Rs 15.60 or 5.59 per cent.

On Sunday, the Maharashtra government announced a "week-end lockdown" across the state till April end, besides stringent weekdays norms, to combat the pandemic's resurgence.

All agricultural, industrial manufacturing, production activities will be allowed but private offices, places of worship, restaurants, bars, pubs, cinemas, malls, shopping plazas, beauty parlours or gents salons, beaches, gardens, playgrounds, swimming pools, sports complexes, amusement parks, and other crowded places shall be shut.

The decision comes at a time when the economy and business activities were on their recovery cycle. Market players are concerned that the latest restrictions may hamper the economic recovery and impact the already-battered businesses.

Source: IANS

For any News Coverage,Please Contact: media@jhalak.com

Related Links

Jhalak.com - Indian Classifieds in USA.

  • Jhalak.com is an Enterprise Multi Utility Classifieds Portal Which is Integrated and Centralized Online Classifieds, Sports Software’s and Indian Movie tickets.
  • Jhalak.com is an Indian Classifieds in USA that Covers Indian Business Directory, Roommates, Nanny Services, Buy and Sell, Indian Attorneys, CPA and Financial Tax Services, Indian Doctors, Indian Events, Indian Stores, Shops, H1 B Jobs, Training Centers, Indian Restaurants, Indian Communities, Coupons, Indian Real Estate agents and Many more desi classifieds categories.
  • Our Entertainment zone is a set of Indian Movies Information include Tollywood, Bollywood, Kollywood, Sandalwood, Hollywood and Provides Online Movies Tickets for Indian Movies in USA.
  • Online Sports Software: Cricket, Volley-Ball, Tennis, Badminton, Carrom and Ping Pong and Chess.