PVR, Inox Leisure hit 52-wk lows on report of lockdown extension in Mumbai
Shares of multiplex operators PVR and Inox Leisure hit their respective 52-week lows in the early deals on the BSE on Friday amid reports that the Maharashtra government could extend lockdown in Mumbai, Pune and other hotspots in the state till May 31. That apart, media reports suggest OTT (over-the-top) platform Amazon Prime Video has acquired seven Bollywood and regional films, including Amitabh Bachchan-Ayushmann Khurrana starrer 'Gulabo Sitabo' and Vidya Balan-starrer 'Shakuntala Devi' for direct-to-digital premiere. PVR (Rs 851) and Inox Leisure (Rs 193) slumped 4 per cent each in the early morning trade, falling below their previous lows of Rs 870 and Rs 200, hit on May 6 and April 28, 2020, respectively. Read More