Multiplex operator shares tank; PVR slips 19%, Inox Leisure down 15%

In the past three weeks, PVR has plunged 49 per cent and Inox Leisure has tanked 45 per cent, as compared to a 20.5 per cent decline in the S&P BSE Sensex.

Shares of multiplex operators like PVR and Inox Leisure tanked up to 19 per cent on the BSE on Monday after the Maharashtra government on Friday announced that cinema halls will remain closed in major metros till March 31, 2020, as the number of Coronavirus (Covid- 19) cases rose in the state.

Delhi, Kerala and UT of Jammu & Kashmir have also announced cinema theatres to remain closed up to 31 March 2020 amid the outbreak of Covid-19.

Shares of PVR hit 52-week low of Rs 1,046, down 19 per cent, while Inox Leisure slipped 15 per cent to Rs 270 on