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Multiplex shares hit 52-week low on lockdown extension

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Mumbai: Shares of Inox Leisure fell around 15% and PVR 13% to hit their 52-week lows on extension of lockdown amid talks that theatres will open only by June end and that some production houses are releasing movies online.

Shares of Inox leisure ended at ₹165.25, while PVR closed at ₹746.15 on the BSE today. The stocks have fallen more than 60% from their highs in February.

Inox, in a statement on Thursday, said "It would like to express extreme displeasure and disappointment on an announcement made by a production house to release their movie directly on an OTT platform by skipping the theatrical window run.

The decision of production house to deviate from the globally prevalent content windowing practice is alarming and disconcerting." M

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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