Entertainment stocks tumble as Maharashtra govt shuts cinema halls

Entertainment stocks were trading lower as Maharashtra government ordered shutting down cinema halls, theatres and multiplexes for public access until further notice to bring the spread of Covid-19 under control. 

PVR is currently trading at Rs. 1138.45, down by 98.35 points or 7.95% from its previous closing of Rs. 1236.80 on the BSE. The scrip opened at Rs. 1179.00 and has touched a high and low of Rs. 1195.50 and Rs. 1138.40 respectively. So far 82714 shares were traded on the counter.

Inox Leisure is currently trading at Rs. 263.25, down by 15.80 points or 5.66% from its previous closing of Rs. 279.05 on the BSE. The scrip opened at Rs. 256.60 and has touched a high and low of Rs. 270.65 and Rs. 256.60 respectively. So far 92097 shares were traded on the counter.

Zee Entertainment Enterprises is currently trading at Rs. 198.60, down by 10.60 points or 5.07% from its previous closing of Rs. 209.20 on the BSE. The scrip opened at Rs. 209.40 and has touched a high and low of Rs. 209.40 and Rs. 195.70 respectively. So far 328453 shares were traded on the counter.

The Maharashtra government on Sunday decided to impose a complete lockdown on weekends and a night curfew in the state to control the spread of the novel coronavirus. The curbs will come into effect from Monday night. They were announced as Mumbai recorded over 11,000 Covid cases. The state posted over 57,000 cases on Sunday -- the highest so far.

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