Wednesday, August 12, 2009

Multiplex Stocks Fell on Swine Flu Worries

As the speculations are very strong about Swine Flu, Indian Government announced to close movie theatres in Mumbai for 3 Days. Today multiplex stocks fell down. Major loosers: PVR Ltd fell over 7% while Inox Leisure which declined 3% to Rs 51 and Adlabs fell by 0.5% to Rs 314.

As per the news papers, Government announced to shut schools and movie theatres as swine flu count goes to 9 as of yesterday. Schools will close for a week, while malls and movie theatres for 3 days, Prajakta Lavangare, a director general of the Maharashtra state government, said today.