PVR, Inox Leisure hit 52-wk lows in a firm market; tank over 50% in 2 mths

Analysts expect the uncertainty over resumption of operations and social-distancing rules to weigh on the stocks in the near term.

Shares of multiplex operators including PVR and Inox Leisure hit their respective 52-week lows on the BSE on Monday, in an otherwise firm market, on reports that about six states want lockdown extended beyond May 3.

Individually, Inox Leisure slipped 6 per cent to hit a low of Rs 202, while PVR declined 3 per cent to hit Rs 924 on the BSE in the intra-day trade today. In comparison, the S&P BSE Sensex was up 2 per cent at 31,989 points at 11:08 am.

In the past two months, Inox Leisure and PVR have tanked 57 per cent and 53 per