PVR-Inox Leisure merger can trigger 15% rally in stocks, charts show

Inox Leisure may see a medium-term bullish trend, if the stock upholds the rally above Rs 480 levels

The announcement to merge PVR and Inox Leisure, two major players in the multiplex industry, pushed their respective stock prices upto 20 per cent higher Monday. Inox Leisure hit a new all-time high of Rs 563.50, crossing the prior historic peak of Rs 511.80. PVR, on the other hand, surged 10 per cent to Rs 2,010, also its 52-week high on the BSE. READ HERE

According to the deal, PVR promoters will own 10.62 per cent stake post the merger, while Inox promoters will have a 16.66 per cent stake in the combined entity with equal representation in the