Inox Leisure rallies 8%, hits 52-week high on improved business outlook

Business should continue to boost in the coming quarters, supported by uplifting of pandemic-related restrictions and strong content line up ready to be released over the next few months

Shares of Inox Leisure hit a 52-week high of Rs 479.45, surging 8 per cent on the BSE in Friday’s intra-day trade, supported by heavy volumes. The stock has been able to hold its ground as pandemic-related restrictions eased and strong content line-up, ready to be released over the next few months, improved business outlook.

The stock of the multiplex operator surpassed its previous high of Rs 466.10 touched on November 8, 2021. The stock had hit a record high of Rs 510.80 on February 25, 2020. At 10:02 AM, Inox Leisure traded 6 per cent higher at Rs