Inox and PVR post blockbuster gains

Inox Leisure and PVR quoted highs of close to 15 per cent and 10 per cent, respectively on Friday as they await ruling on the issue of price of foodstuffs sold in multiplexes.

There is anticipation that the Maharashtra government may allow multiplexes to decide on the price of articles sold inside cinema theatres and its premises. The Bombay High Court will rule on a petition asking the government to regulator the price of food products as most places sell them above the MRP stated on the package.

Earlier on Thursday, PVR extended its non-exclusive arrangements with Bookmyshow and Paytm for booking of theatre ticket through the web and mobile apps for three years.

The two listed film exhibitors Inox and PVR were among the top gainers on Friday.

At 14:31, Inox Leisure was trading at Rs. 225.00 per share, Rs. 30.50 or 15.68 per cent, while PVR Limited was at Rs. 1,192.00, Rs. 87.70 or 7.94 per cent, when the benchmark index BSE Sensex was at 37,549.68, up by 384.52 points or 1.03 per cent on Friday.