Share costs of PVR Limited and Inox Leisure dropped on Friday, March 19, as stricter norms for visiting cinema halls have been imposed as a result of sudden rise in lively coronavirus circumstances. On Friday, shares of PVR Limited dropped greater than 5 per cent on the BSE, whereas Inox Leisure fell 4 per cent. Shares of PVR opened on the BSE at Rs 1,360, touching an intra day excessive of Rs 1,386.85 and an intra day low of Rs 1,305.05, up to now. Inox Leisure opened on the BSE at Rs 325, touching an intra day excessive of Rs 328.35 and an intra day low of Rs 312.85.
Amid a surge in new COVID-19 circumstances within the state of Maharashtra, the state authorities imposed stricter restrictions for visiting cinema halls, accommodations, and different such public locations. In order to curb the rise in COVID-19 circumstances, the Brihanmumbai Municipal Corporation (BMC) has made a COVID-19 unfavourable report as necessary for individuals to enter buying malls. This will come into impact beginning March 22 for all residents in Mumbai.
In case the guests don’t have a unfavourable COVID-19 check report, they should get an antigen check completed on the buying middle itself. The BMC stated in a press release that for this function, all buying malls throughout Mumbai will quickly have a Rapid Antigen Test facility.
On the NSE, shares of PVR opened at Rs 1,374. At 1:09 pm, PVR Limited traded 5.60 per cent decrease at Rs 1,319.95 on the NSE, whereas Inox Leisure traded 4.07 per cent decrease at Rs 316.75. Meanwhile, on the BSE, PVR final traded 4.85 per cent decrease at Rs 1,328.95, whereas Inox Leisure traded 4.08 per cent decrease at Rs 316.30.