Inox Leisure share price: Sharekhan maintains Buy rating with an unchanged price target of Rs 400
The film exhibition industry has been one of the worst impacted industries during the pandemic, owing to shut down of cinema halls, a staggered resumption of operations, absence of new releases, and weak consumer demand even post opening of theatres due to COVID-19. Most states (except few states, including Maharashtra) have permitted cinema halls to operate at full capacity.
Sharekhan believes there will be at least two big-starrer movies being released in every month of 2021 and it looks there is going to be clashes on the release dates of big-ticket movies, which could impact collection: Reuters