INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Shares of leading multiplexes saw a sharp fall on Friday after reports said that the Maharashtra government has allowed
moviegoers to carry their own food inside the movie theatres from August 1.
According to a report by CNBCTV18, Maharashtra Minister has said
At 02:41 am, the stock was trading 12.03 per cent lower at Rs 1,229.05 apiece on BSE
Inox Leisure was trading 9.07 per cent down at Rs 229.50 apiece on BSE
Mukta Arts fell 1.61 per cent to trade at Rs 42.85 apiece
Mukta Arts said it had not heard anything w.r.t carrying own food in multiplexes, and it will call this a ruling is a bit premature
the key risks which are faced by the businesses in India
"Suddenly out of the blue you have some announcement which either increases your cost dramatically or reduces your revenue potential
So, this is something which investors will have to take into account while giving price to earning valuation."
