Pvr Shares

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.

Warburg bought the stake from affiliates of private equity firm Multiples Alternate Asset Management and PVR's founders, the multiplex chain said in a statement.

The Bombay Stock Exchange has sought clarification from PVR with reference to the news report.

Shares of multiplex operator Inox Leisure surged as much as 7.5 per cent to hit intraday high of Rs 280 after company said it plans to invest Rs 200 crore to add up to 60 cinema screens across the country this fiscal.

Multiplex operator PVR Ltd on Friday reported a decline of 1.60 per cent in consolidated net profit to Rs 42.81 crore for the first quarter ended June 30.

Shares of multiplex operators PVR and Inox Leisure jumped as much as 10 per cent and 7.2 per cent each respectively after the government gave its nod to a model law that allows shops, malls and cinema halls, among other establishments, to run 24x7 throughout the year.

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.

Warburg bought the stake from affiliates of private equity firm Multiples Alternate Asset Management and PVR's founders, the multiplex chain said in a statement.

The Bombay Stock Exchange has sought clarification from PVR with reference to the news report.

Shares of multiplex operator Inox Leisure surged as much as 7.5 per cent to hit intraday high of Rs 280 after company said it plans to invest Rs 200 crore to add up to 60 cinema screens across the country this fiscal.

Multiplex operator PVR Ltd on Friday reported a decline of 1.60 per cent in consolidated net profit to Rs 42.81 crore for the first quarter ended June 30.

Shares of multiplex operators PVR and Inox Leisure jumped as much as 10 per cent and 7.2 per cent each respectively after the government gave its nod to a model law that allows shops, malls and cinema halls, among other establishments, to run 24x7 throughout the year.