Multiplex operators' shares in focus; PVR, Inox Leisure hit record highs

Inox rallied 6% to Rs 399 after the company said it has commenced the commercial operations of four additional screens in the-existing cinema theatre in Indore.

Shares of cinema theatre operators were in focus on Monnday with PVR (Rs 1,925) and Inox Leisure (Rs 399) hitting their respective all-time highs on expectation of strong earnings growth in October-December quarter (Q3FY20).

Shares of Inox Leisure rallied 6 per cent to Rs 399 after the company said it has commenced the commercial operations of four additional screens (with seating capacity of 378 seats) in the-existing multiplex cinema theatre in Indore. The stock surpassed its previous high of Rs 390 touched on November 4, 2019.

PVR too hit a new high of Rs 1,925, up 2 per