Analysts expect the uncertainty over resumption of operations and social-distancing rules to weigh on the stocks in the near term.
In the past one month alone, these stocks have slipped up to 24 per cent. PVR and Inox Leisure top the losers list with a drop of 24 and 23 per cent, respectively.
In the past five months, the stock has outperformed the market by surging 60 per cent as compared to a 10 per cent rise in the benchmark index
Multiplexes are now either expanding within existing properties or converting single screens into multiple screens through partnerships
Shares of LCOs including Hathway cables and Datacom, Den Networks and GTPL Hathway zoomed in the range of 5 to 20% during the morning deals on the BSE while those of PVR & INOX Leisure slipped up 10%
When multiplexes came in with a cleaner, better experience, it forced single screens to either refurbish or to become part of a chain
Mukta Arts, Store One Retail, V-Mart Retail, Inox Leisure and Aditya Birla Fashion up more than 5% each.
The company has entered into an agreement with IMAX Corporation to install five IMAC theatre systems