Covid resurgence and other risks loom large for PVR, Inox Leisure stocks
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MUMBAI, Feb. 22 -- Shares of PVR Ltd and Inox Leisure Ltd declined 4-5% in early deals on Monday on the National Stock Exchange. Rising covid-19 cases are a key risk for multiplex companies as they pose a direct threat to occupancies.
"After consistent reduction in new covid cases in the last few months, states such as Maharashtra, Punjab, Kerala, Chhattisgarh and Madhya Pradesh have started to see a resurgence in daily new cases," point out analysts from Emkay Global Financial Services Ltd.
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"We are of the view that there still remain two key risks: 1) resurgence of Covid-19 cases and 2) consumer behavior toward out-of-home content consumption," added Emkay's analysts in a report on 21 ...
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