PVR, Inox Leisure in focus as theatres to reopen in West Bengal from October 1

As per media reports, West Bengal Chief Minister Mamata Banerjee has allowed cinemas and open theatres to function in the state from October 1, 2020.

Sep 28, 2020 10:09 IST India Infoline News Service

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

Other cultural congregations like plays, music, dance and magic shows will also be allowed from the same day, but there is a ceiling of maximum 50 people.

West Bengal’s Chief Minister said on Twitter that, “to return to normalcy, Jatras, Plays, OATs, Cinemas & all musical, dance, recital & magic shows shall be allowed to function with 50 participants or less from Oct 1, subject to adherence to physical distancing norms, wearing of masks and compliance to precautionary protocols.”

Reacting to this news, shares of PVR Ltd hit a high in the opening deals.

PVR Ltd is currently trading at Rs1,191, up by Rs90.05 or 8.18% from its previous closing of Rs1,100.95 on the BSE. The scrip opened at Rs1,149.90 and has touched a high and low of Rs1,195 and Rs1,145.25 respectively.

Inox Leisure Ltd is currently trading at Rs269.90, up by Rs15.6 or 6.13% from its previous closing of Rs254.30 on the BSE. The scrip opened at Rs272 and has touched a high and low of Rs274.75 and Rs266.90 respectively.

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