Multiplex, hotel stocks hit 52-week lows on extension of lockdown

The government has extended the nationwide lockdown by another two weeks, until May 31, to contain the spread of the novel coronavirus.

Shares of multiplex and hotel operators were under pressure, hitting their respective 52-week lows on the BSE on Monday after the government on Sunday extended the nationwide lockdown by another two weeks, until May 31, to contain the spread of the novel coronavirus.

Chalet Hotels, EIH, Indian Hotels, Lemon Tree Hotels and Wonderla Holidays from the hotel sector and the multiplex operators - PVR and Inox Leisure – touched their respective 52-week lows on the BSE today. These stocks were down between 5 per cent and 10 per cent in the intra-day trade. In comparison, the S&P BSE Sensex