Nifty Media index surges over 3.5%; Zee, PVR stocks gain

PVR and Inox Leisure stocks surged higher after West Bengal Chief Minister Mamata Banerjee has allowed cinemas and open theatres to function in the state from October 1, 2020

Sep 28, 2020 11:09 IST India Infoline News Service

The Nifty Media is trading above 3.5% higher at 1,538 levels, contrubuting most to the benchmark indices in the Monday trade. The index has opened at 1,514.60 points and touch a high of 1,540.65 and low of 1,506.7.

PVR and Inox Leisure stocks surged higher after West Bengal Chief Minister Mamata Banerjee has allowed cinemas and open theatres to function in the state from October 1, 2020, as per media reports. After more than five months of a shutdown, India’s top multiplex players PVR and INOX Leisure were in focus in today’s trade.

PVR stocks trades at 1202 up 9.18%, touching a low of 1,145 and a high of 1,210 on Monday. Inox Leisure is trading at 270.40 up 6.18%, touching a low of 266.60 and high of 275.

Dish TV (4.74%), ZEEL (3.41%), Hathway (2.69%) and Sun TV (2.02) also have healthy contribution to the Media Index. 

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