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Multiplex operators in focus; PVR, Inox Leisure up over 5% in a weak market

According to reports, the MAI is certain that cinema halls will be allowed to reopen for the public in the next phase of unlock

Multiplex operators in focus in weak market; PVR, Inox Leisure up over 5%
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Analysts at Edelweiss Securities continue to maintain confidence in multiplexes’ long-term story

SI Reporter Mumbai
Shares of multiplex operators PVR and Inox Leisure were trading over 5 per cent higher in an otherwise weak market on the BSE on Monday amid expectation that cinema halls would be opened as part of 'Unlock 3'.

Inox Leisure has rallied 10 per cent to Rs 265 on the BSE on back of over 5-fold jump in trading volumes. At 10:20 am, the stock was trading 8 per cent higher with a combined 1.25 million shares changing hands on the NSE and BSE.

Shares of PVR were up 6 per cent to Rs 1,172 on the BSE,

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First Published: Jul 27 2020 | 10:34 AM IST

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