This Cinema Stock Faces Sharp Decline: Falls from ₹2200 to ₹830, Government’s New Decision Adds to Woes
A leading cinema stock is witnessing a major downturn, with its price plummeting from ₹2200 to just ₹830. The situation worsened after a recent government decision that is expected to negatively impact the entertainment industry. Investors are showing concern over the stock’s future prospects.
PVR INOX Shares The decline in PVR shares for the last 3 years is not stopping. So far this year, this cinema stock has given a negative return of 25 percent. At the same time, after hitting a high of Rs 2214 in the year 2022, PVR shares have fallen continuously.
PVR-INOX in India is the largest multiplex chain in the country. However, the days of the shares of this cinema company are going very bad. The decline in PVR shares has been deepening for 3 consecutive years. After touching record levels in 2022, selling has dominated the shares of PVR since 2023.
So far this year, this cinema stock has given a negative return of 25 percent. On July 16 also, PVR shares are trading with a decline at Rs 978. Actually, this decline in PVR shares today has come after a proposal from the Karnataka government.