Indian stock market, March 13 -- Shares of PVR Inox, the country's largest multiplex operator, have been under sustained selling pressure from Dalal Street investors, causing the stock to close in the red each passing month and tumble to levels not seen in recent years.

The stock has ended the last four months in the red, losing 45% of its value. This crash has also led to a 60% correction from its peak of Rs.2,214, which it attained in August 2022. In late February, the stock slipped to June 2020 levels.

The sharp correction in company shares, formed by the merger of PVR and Inox labels, can be attributed to weaker-than-expected financial performance in recent quarters, impacted by weak box office collections. In 2024, the Indian film ...