Pvr Shares

While new age tech companies like Paytm and Nykaa have come under bear attack, is a popular stock like PVR Ltd also under same threat?

Shares of multiplex chains PVR and INOX Leisure defied the broader market trend and settled in the positive territory.

This company is closely associated with the merger and is likely to benefit from it.

Online travel service provider Yatra on Monday said it has filed a draft prospectus with markets regulator Sebi for its initial public offering that includes a fresh issue of shares aggregating up to Rs. 750 crore.

Shares of India's PVR and INOX Leisure surged 10%-20% on Monday after the country's two largest multiplex operators said they would merge to create a theater chain with more than 1,500 screens.

Multiplex shares such as PVR and INOX Leisure declined around three per cent each after the Delhi government announced restrictions as part of 'Level 1' or 'Yellow Alert'

As part of the lockdown, cinema halls will remain closed in order to curb the spread of Covid infections

PVR, Inox Leisure Share Price: On Friday, shares of PVR Limited dropped more than five per cent on the BSE, while Inox Leisure fell four per cent.

In the last two trading sessions, PVR has declined 8 per cent and Inox Leisure has fallen 9 per cent on fears of imposition of lockdown

During the day, PVR share price surged 9 per cent to₹1,212.50 apiece while those of Inox Leisure jumped over 5.5 per cent to ₹279.40 apiece.The Maharashtra government has allowed cinema halls, multiplexes as well as drama theatres to operate with a 50 per cent seating capacity.

About 9,500 theatres have remained shut since the nationwide coronavirus lockdown started in late March.

In its statement, Inox said that the exclusive theatrical window is a model that is followed internationally, in order to ensure the robust financial viability of all the segments of the sector, and has been replicated in India.

Reliance Industries' billionaire chairman, Mukesh Ambani, unveiled plans to launch cut-price home internet services across the country next month.

Analysts say that Baahubali 2's record collection helped support the sentiment in PVR and Inox Leisure shares.

Shares of PVR were up over 3 per cent while Inox Leisure were outperforming the Sensex and Nifty which were trading with a negative bias.

While new age tech companies like Paytm and Nykaa have come under bear attack, is a popular stock like PVR Ltd also under same threat?

Shares of multiplex chains PVR and INOX Leisure defied the broader market trend and settled in the positive territory.

This company is closely associated with the merger and is likely to benefit from it.

Online travel service provider Yatra on Monday said it has filed a draft prospectus with markets regulator Sebi for its initial public offering that includes a fresh issue of shares aggregating up to Rs. 750 crore.

Shares of India's PVR and INOX Leisure surged 10%-20% on Monday after the country's two largest multiplex operators said they would merge to create a theater chain with more than 1,500 screens.

Multiplex shares such as PVR and INOX Leisure declined around three per cent each after the Delhi government announced restrictions as part of 'Level 1' or 'Yellow Alert'

As part of the lockdown, cinema halls will remain closed in order to curb the spread of Covid infections

PVR, Inox Leisure Share Price: On Friday, shares of PVR Limited dropped more than five per cent on the BSE, while Inox Leisure fell four per cent.

In the last two trading sessions, PVR has declined 8 per cent and Inox Leisure has fallen 9 per cent on fears of imposition of lockdown

During the day, PVR share price surged 9 per cent to₹1,212.50 apiece while those of Inox Leisure jumped over 5.5 per cent to ₹279.40 apiece.The Maharashtra government has allowed cinema halls, multiplexes as well as drama theatres to operate with a 50 per cent seating capacity.

About 9,500 theatres have remained shut since the nationwide coronavirus lockdown started in late March.

In its statement, Inox said that the exclusive theatrical window is a model that is followed internationally, in order to ensure the robust financial viability of all the segments of the sector, and has been replicated in India.

Reliance Industries' billionaire chairman, Mukesh Ambani, unveiled plans to launch cut-price home internet services across the country next month.

Analysts say that Baahubali 2's record collection helped support the sentiment in PVR and Inox Leisure shares.

Shares of PVR were up over 3 per cent while Inox Leisure were outperforming the Sensex and Nifty which were trading with a negative bias.