Multiplex Sector - Mr. Jyoti Roy - DVP - Equity Strategist, Angel Broking Ltd

"The West Bengal Government announced on Saturday that they will allow cinema halls to reopen from October 1 in West Bengal after a gap of almost six months. Along with single screen theaters and multiplexes the West Bengal Government will also allow musical, dance and magic shows in the state as well from next month. However such shows/events will be subject to a cap of maximum of 50 persons. Social distancing norms will have to be adhered to during such eventsshows along with mandatory wearing of masks. We believe that this is a positive development for multiplex companies like INOX Leisure and PVR. Moreover any relaxations provided by the central Government in Unlock 5.0 would also be positive for the sector. We continue to maintain our positive stance on the multiplex sector as we believe that the long term fundamentals remain intact despite the medium term issues."

Source : Equity Bulls

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