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

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 m.....

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