New Delhi PVR Cinemas and INOX Leisure Limited saw a jump of up to 12 per cent today after the central government allowed theaters and multiplexes to open with 50 per cent occupancy. The central government has announced the reopening of the cinema hall with a 50 percent occupancy across the country, prohibiting the content zone from October 15. Multiplex Association of India welcomed the guidelines of Union Ministry of Home Affairs.
Cleanliness and safety will be taken care of
The Multiplex Association of India said in its statement that the entire film industry was waiting for the decision of the Home Ministry with millions of cine lovers, employees working in the cinema hall. The association said that after this decision we are committed to ensuring a safe and clean cinema based experience for the film lovers of our country. As always, we will continue to give top priority to the health and wellbeing of our guests and employees.
SOP will be released
Earlier, the ministry said that from October 15, cinema, theater and multiplexes could be opened with an occupancy of 50 per cent, for which the SOP would be issued by the Ministry of Information and Broadcasting. Theaters and multiplexes coming into the Containment Zone will not be allowed. Cinema halls and multiplexes across the country were replaced after the lockdown was implemented from 25 March due to the Corona virus epidemic. Due to which there has been a loss of billions of rupees.
PVR shares rose more than 12 percent
Since the government order, cinema hall and multiplex stocks are witnessing a boom. First of all, PVR Limited is witnessing a boom from today onwards. According to data from BSE, PVR shares rose by more than 12 per cent to a day’s high of Rs 1395 today. While the company’s stock opened at Rs 1334.35 today. Currently, PVR stock is trading at Rs 1322.80 with an increase of 9 per cent ie Rs 110 at 12.12 pm.
Inox shares rise
On the other hand, shares of Inox Leisure are seeing a boom. Pleased with the decision, Inox shares rose by 12 per cent to a day’s high of Rs 318.20 today. While the company’s stock opened at Rs 314.80 today. Currently, the company’s stock is trading at Rs 289.65, up 7 per cent i.e. Rs 19.15 at 12.10 pm.