PVR, Inox Shares Drop After Delhi Government Issues Yellow Alert Amid Omicron Scare
PVR, INOX Share Price: On BSE, Inox Leisure was trading 2.12 per cent lower at Rs 344.10 last time.
Multiplex stocks such as PVR and Inox Leisure fell nearly three per cent on Wednesday, December 29, after the Delhi government announced restrictions as part of its ‘Level 1’ or ‘yellow alert’ amid rising Omicron cases in the national capital. I. As part of the new guidelines, all cinema halls/theatres or multiplexes in Delhi will remain closed to prevent the spread of the highly contagious coronavirus variant.
On Tuesday, Delhi Chief Minister Arvind Kejriwal announced restrictions in the capital city, announcing immediate closure of cinema halls, multiplexes, banquet halls, auditoriums, gyms and sports complexes. Restaurants are allowed to operate with 50 per cent seating capacity from 8 am to 10 pm, while bars are also allowed to open with the same seating capacity between 12 pm and 10 pm. Hotels and lodges are allowed to open without any banquet or conference services.
At 11:40 am, shares of PVR were trading 3.08 per cent lower at Rs 1,246.45 on the BSE. Shares of PVR opened at Rs 1,260.25 on the BSE, hitting an intraday high of Rs 1,285.75 and an intraday low of Rs 1,241 in the trading session so far.
Inox Leisure shares were trading at Rs 344.10, down 2.12 per cent last time on the BSE. Inox Leisure opened at Rs 343.50 on the BSE, touching an intraday high of Rs 348.85 and an intraday low of Rs 341.60 in the session so far.
