Unlock 5.0: Analysts remain cautious on PVR, Inox Leisure despite relief

The 50 per cent capacity, given under Unlock 5.0, is unlikely to make up for the losses already incurred in the past six months, say analysts

Unlock 5.0 guidelines saw stocks of multiplex operators, PVR and Inox Leisure whose businesses have been shut since March in the wake of Covid-19 lockdown, gain ground in trade on Thursday. The government on Wednesday allowed re-opening of cinema and multiplexes from October 15 albeit with 50 per cent capacity.

At the bourses, shares of Inox Leisure surged 17 per cent to Rs 318 on the BSE on the back of over four-fold jump in trading volumes while those of PVR rallied 15 per cent to Rs 1,395 on the BSE in the intra-day deals on Thursday. In comparison, the