Theatre operators PVR and Inox made a new 52 weeks low in todays session after reports of few producers directly opting streaming service provider for the release of films. If it happen; these companies are going to see a drastic fall in revenue which are already facing lots of difficulty since emergence of Corona pandemic.
PVR stock made a new low intra day when it recovered form days low of 835.2. It recovered some of the losses to close at 851, down -36.60 points(-4.12%).
Inox made a new 52 weeks low at 191.05. It closed the day at 193.50 with 3.8 per cent drop in price (-7.65)