INOX Leisure, PVR shares zoom on Maharashtra cinema reopening announcement

Shares of multiplex operators on Monday have been in heavy demand, with INOX Leisure leaping as much as 18 per cent after the announcement that cinema halls in Maharashtra might be permitted to function from October 22.
Maharashtra Chief Minister Uddhav Thackeray on Saturday mentioned cinema halls and drama theatres within the state might be permitted to function from October 22 on the situation that they comply with all of the protocols required to stop the unfold of coronavirus.
Shares of INOX Leisure zoomed 17.83 per cent to their one-year excessive of Rs 412.20 on BSE.
PVR gained 9.99 per cent to its 52-week excessive of Rs 1,662.20.
The state authorities will quickly subject the usual working process (SOPs) on this regard, he had mentioned.