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The stock of PVR nose-dived 13 per cent accompanied with huge volume on Friday to close at ₹1,214, breaking below key supports at ₹1,350 and ₹1,300. It has also breached the 50- and 200-DMAs. INOX Leisure too, tumbled 5.4 per cent to close at ₹238.7, breaking below the key level of ₹250. Both stocks reacted to media reports that Maharashtra government has allowed food inside movie theatres, from August 1. The stocks could continue to witness volatility in the coming week as well.
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