Multiplex stocks climb as Maharashtra allows movie theatres to reopen

The state accounts for a fifth of the screens for PVR and Inox Leisure

Multiplex chain operators were among the biggest gainers on expectations that permissions to open theatres in key states would lead to a gradual uptick in revenues. While the stock of the country’s largest multiplex operator PVR was up 9.5 per cent, Inox Leisure registered a gain of 4.3 per cent. 

The key near term trigger for the two stocks has been the decision by the Maharashtra government to allow theatres to open from November 5 outside of the containment zones. The state accounts for 18 per cent of PVR’s total screens of 831 and 21 per cent of Inox’s 626