INOX Leisure soars 9% in two days in weak market on healthy Q3 results

In the past five months, the stock has outperformed the market by surging 60 per cent as compared to a 10 per cent rise in the benchmark index

Shares of multiplex chains INOX Leisure rallied 6 per cent to hit a new high of Rs 450 on the BSE on Monday. The stock extended its Friday's 3 per cent gain after the company reported blockbuster performance in December quarter (Q3FY20). In comparison, the S&P BSE Sensex was down 0.67 per cent or 276 points at 40,865 at 11:42 am.

In the past five months, the stock has outperformed the market by surging 60 per cent, as compared to 10 per cent rise in the benchmark index.

Excluding the Ind-AS impact, the company’s earnings before interest, tax, depreciation,