Tamil Nadu govt reduces entertainment tax; Inox Leisure stock zooms

Shares of multiplex operators PVR and Inox Leisure stocks gained amid report Tamil Nadu government has reduced entertainment tax in state to 8% from 19.

Oct 13, 2017 03:10 IST India Infoline News Service

INOX Leisure
Shares of multiplex operators PVR and Inox Leisure stocks gained on reports that Tamil Nadu government has reduced entertainment tax in the state to 8% from 19%.

PVR Ltd is currently trading at Rs 1389.6, up by Rs 39.25 or 2.91% from its previous closing of Rs 1350.35 on the BSE. The scrip opened at Rs 1351.2 and has touched a high and low of Rs 1434 and Rs 1351.2 respectively. The stock is currently trading above its 200 DMA.

Inox Leisure Ltd is currently trading at Rs 239.45, up by Rs 5.35 or 2.29% from its previous closing of Rs 234.1 on the BSE. The scrip opened at Rs 231.05 and has touched a high and low of Rs 247 and Rs 230 respectively. The stock is currently trading above its 200 DMA.

Sun TV Network Ltd is currently trading at Rs 798.1, up by Rs 4.8 or 0.61% from its previous closing of Rs 793.3 on the BSE. The scrip opened at Rs 795.2 and has touched a high and low of Rs 806.4 and Rs 793.45 respectively. The stock is currently trading above its 100 DMA.

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