Shares of film exhibitors like PVR and Inox Leisure fell for second session in a row on Tuesday on fears that authorities of Maharashtra might once more impose lockdowns within the state after resurgence in infections spurred fears of a second wave of the illness. Maharashtra Chief Minister Uddhav Thackeray on Sunday known as the coronavirus state of affairs within the state “serious” and warned that lockdown must be reimposed if every day Covid instances proceed to rise within the subsequent two weeks.
In the final two buying and selling periods, PVR has declined eight per cent and Inox Leisure has fallen 9 per cent on fears of imposition of lockdown which might imply closure of cinema halls and different locations of social gatherings, analysts mentioned.
After a lull of three months, Maharashtra, which has the very best variety of coronavirus instances within the nation, reported over 6,000 every day instances final Friday. On Sunday, the state recorded 6,971 instances and 35 deaths. Mumbai, the state capital, logged 921 infections.
On Monday, Amravati district in Maharashtra was positioned below lockdown for per week amid rising instances of COVID-19 within the state.
The announcement for the lockdown in Amravati got here hours after the district administration in Pune shut down faculties and training centres until February 28. Deputy Chief Minister Ajit Pawar met with senior officers to evaluate the COVID-19 state of affairs within the district earlier than taking the choice.
As of 10:06 am, PVR shares traded 0.2 per cent decrease at Rs 1,375 and Inox Leisure was down 1 per cent at Rs 303.