multiplexes have been bearing the brunt of the fresh covid-19 wave, as resultant restrictions have meant cinema screens will largely remain shut.
Of course, these concerns reflect in the shares of PVR and Inox Leisure, which have declined by nearly 24% and 11%, respectively, so far this calendar year until Monday.Even so, there are certain factors that bring comfort for investors of these companies.
As Karan Taurani, analyst, Elara Securities (India) Pvt. Ltd, said, “Yesterday’s vaccination opening up is a positive." The central government has decided to open up vaccinations for all adults over the age of 18 from 1 May.