Multiplex operators trade weak; PVR tanks 10%, Inox Leisure hits 52-wk low

Foreign portfolio investors reduced their stake in multiplex operators by up to 5 percentage points in Q4FY20

Shares of multiplex operators like PVR and Inox Leisure were under pressure on Tuesday, falling up to 10 per cent on the BSE, on concerns of the impact of the Covid-19 outbreak on the firms' revenues and cash accruals on account of closures of cinemas.

Among individual stocks, PVR tanked 10 per cent to Rs 1,007 and was trading close to its 52-week low of Rs 932, touched on April 7. Inox Leisure hit its 52-week low of Rs 213, down 5 per cent on the BSE today. The share prices of both these firms have more than halved from