Corona is hurting PVR and INOX but there is something that may be benefiting these multiplexes also. Single screen owner may not have resources to tide over this lockdown like biggies who run multiplexes in many cities. This may kill many single screen which can transfer some viewers to Multiplexes thought single screen charge very less per movie.
PVR and INOX kinds of stocks you need to keep in radar. If it correct too much you can think of loading in your portfolio. Currently, it has not gained like many others from March 24, 2020 price.
From 7,031 single-screen theatres in 2016, the country by 2019 was left with 6,327 single screens.— Satya Pra (@sa8ypr) May 19, 2020
PVR and INOX screens are adding screens aggressively but still the screen density has gone down. https://t.co/DcCtrFLiHt
PVR and INOX kinds of stocks you need to keep in radar. If it correct too much you can think of loading in your portfolio. Currently, it has not gained like many others from March 24, 2020 price.
