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Multiplexes curtain raiser 2021: firms still vulnerable to pandemic impact

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Movie-exhibition companies, or multiplexes, are a case in point. First, multiplexes had to deal with prolonged shutdown, as the sector was among the last to be allowed to restart operations.

Second, after opening up, occupancy levels haven’t picked up, which is also partly due to unexciting movie releases.As we enter another year, multiplexes remain comparatively more vulnerable than other sectors, as watching movies is far from being the top on the list of activities for most people.

In this backdrop, the key factor to watch out for in 2021 would be the progress on vaccination front.Also Read | Urgency to fix India’s bankruptcy codeAnalysts from JM Financial Institutional Securities Ltd said, “If the vaccine is delayed, FY22 could also be.

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