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

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