Multiplex operator tumble on coronavirus scare

Shares of Inox Leisure and PVR tumbled by 4.66% to 5.29% after some state government decided to shut down cinemas till 31 March in a bid to check rising cases of coronavirus infections.

Shares of Inox Leisure fell 4.66% to Rs 302.05. The stock is currently trading 40.87% lower from its 52-week high of Rs 510.80 hit on 25 February 2020.

Shares of PVR tumbled 5.29% to Rs 1220.65. The stock is currently trading 42.44% lower from its 52-week high of Rs 2121 hit on 20 February 2020.

Meanwhile, the S&P BSE Sensex lost 1853.55 points or 5.44% to 32,249.93.

 

The media reported that state government of Maharashtra, Delhi, Tamil Nadu, Haryana, Kerala, Jammu & Kashmir, Madhya Pradesh, Karnataka and Telangana ordered shutting down of cinema halls till 31 March 2020, as part of measures to contain the Covid-19 outbreak.

The virus was recently declared a pandemic by the World Health Organization (WHO).

Powered by Capital Market - Live News