Home / Markets / News / PVR, Inox Leisure tumble up to 16% in 2 days over Covid-19 fears

PVR, Inox Leisure tumble up to 16% in 2 days over Covid-19 fears

Over the weekend, the UK said it had identified a new strain of Covid-19 which spreads more quickly than previous variants

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According to analysts at Emkay Global Financial Services, for PVR cash burn is expected to increase in H2FY21 with the gradual resumption of operations.

SI Reporter Mumbai

2 min read Last Updated : Dec 22 2020 | 11:53 AM IST

Shares of multiplex operators PVR and Inox Leisure slipped up to 16 per cent in the past two trading days amid fears over new Covid-19 strain that shut down much of Britain.

Shares of PVR fell 9 per cent to Rs 1,212 on the BSE in intra-day trade on Tuesday, down 16 per cent in the past two sessions. Meanwhile, the stock of Inox Leisure was down 5 per cent at Rs 253 on the BSE today, declining 10 per cent from Friday's close.

Over the weekend, the UK said it had identified a new strain of Covid-19

Topics : Coronavirus PVR Buzzing stocks Inox Leisure multiplex stocks

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