Shares of PVR tumbled 6.97% to Rs 1150.55 while Inox Leisure declined 6% to Rs 262.30.

The state government released 'Break the Chain' guidelines on Sunday to tackle COVID-19 surge across the state. As part of this guidelines, the government said entertainment places like cine-plex, theatres, amusement parks, video game parlours will be closed. The guidelines which will come in force from 5 April 2021 will remain in force till 30 April 2021. The restrictions also include a ban on gatherings of five or more people throughout the day. Essential and medical services are exempt from this.

Yesterday, Maharashtra reported its highest single-day rise of COVID-19 cases at 57,074 positive cases that emerged in the past 24 hours. Additionally, the daily fatalities also climbed to 222 in the central state. With the addition of new infections, the overall caseload in Maharashtra has reached 30,10,597, and the state has reported 55,878 deaths due to coronavirus so far.

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PVR Ltd dropped for a fifth straight session today. The stock is quoting at Rs 1314.05, down 1.11% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.27% on the day, quoting at 14776.65. The Sensex is at 49940.38, up 0.34%.PVR Ltd has eased around 5.68% in last one month.Meanwhile, Nifty Media index of which PVR Ltd is a constituent, has eased around 1.13% in last one month and is currently quoting at 1637.65, down 0.61% on the day. The volume in the stock stood at 5.48 lakh shares today, compared to the daily average of 12.26 lakh shares in last one month.

The benchmark March futures contract for the stock is quoting at Rs 1322.75, down 0.68% on the day. PVR Ltd tumbled 2.09% in last one year as compared to a 89.42% rally in NIFTY and a 57.76% spurt in the Nifty Media index.

The PE of the stock is 0 based on TTM earnings ending December 20.

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PVR has opened a 6 new screen multiplex in Forum Centre City Mall, Mysuru.

With this launch, PVR now operates the largest multiplex network with of 844screens at 177 properties in 71 cities (India and Sri Lanka).

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PVR announced the opening of threenew screens in Kanpur, Uttar Pradesh, upgrading the city's iconic Deep Cinemasinto a PVR property. The new PVR Deep Cinemas will be the first theatre in the cityto be installed with RGB Laser BARCO 2K Projector for razor-sharp visuals onscreen. This is the brand's third new property launch post the reopening ofcinemas after COVID19 lockdown.

With this launch, PVR now operates the largest multiplex network with of 838screens at 176 properties in 71 cities (India and Sri Lanka).

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