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Multiplex shares hog limelight

INOX Leisure, PVR zoom on Maharashtra cinema reopening announcement

Multiplex shares hog limelight

Multiplex shares hog limelight

New Delhi: Shares of multiplex operators on Monday were in heavy demand, with INOX Leisure closing over eight per cent higher after the announcement that cinema halls in Maharashtra will be permitted to operate from October 22.

Maharashtra Chief Minister Uddhav Thackeray on Saturday said cinema halls and drama theatres in the state will be permitted to operate from October 22 on the condition that they follow all the protocols required to prevent the spread of coronavirus. Shares of INOX Leisure jumped 8.10 per cent to close at Rs 378.15 on the BSE. During the day, it zoomed 17.83 per cent to its one-year high of Rs 412.20 on the BSE. PVR gained 5.67 per cent to close at Rs 1,596.80. During the day, it rose by 9.99 per cent to its 52-week high of Rs 1,662.20. The state government will soon issue the standard operating procedure (SOPs) in this regard, he had said

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