Rising Covid-19 cases likely to delay biz recovery of PVR, Inox Leisure

Permission to operate at full capacity, healthy content pipeline fuel optimism

Shares of multiplex chain operators PVR and Inox Leisure have corrected in the range of 13-14 per cent from their January highs, as rising Covid-19 cases and the continuous threat from the rapid growth of over-the-top (OTT) platforms mount concerns over the pace of business recovery.

After a consistent reduction in new Covid cases over the past few months, Maharashtra, Punjab, Kerala, Chhattisgarh, and Madhya Pradesh have been witnessing a resurgence in new cases recently. This may hurt footfall, say analysts.

“Despite the opening up of theatres, it may take some more months to ease back into normal operations, until which the