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PVR, Inox Leisure: Trading ideas for multiplex stocks ahead of Unlock 3.0

Stocks of multiplex operators have been under pressure ever since the government announced a nationwide lockdown to arrest the spread of the Covid-19 pandemic

A file photo of cinema-goers wearing 3D glasses watch a movie at a PVR Multiplex in Mumbai
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A file photo of cinema-goers wearing 3D glasses watch a movie at a PVR Multiplex in Mumbai

Avdhut Bagkar Mumbai
Stocks of multiplex operators have been under pressure ever since the government announced a nationwide lockdown to arrest the spread of the Covid-19 pandemic. However, things may change for better with reports suggesting cinema halls and multiplexes may re-open from August 1 under the Unlock 3.0 to be announced by the government over the next few days. READ ABOUT IT HERE

Here is a look at what technical indicators suggest for key multiplex and media stocks, and how you should trade them. 

NIFTY MEDIA: A positive crossover of 50-day moving average (DMA) with 100-DMA has given a fresh

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First Published: Jul 29 2020 | 10:51 AM IST

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