PVR Inox shares hit a 44-month low of ₹1,154, declining 8 per cent on the BSE in Tuesday's intraday trade in an otherwise firm market, driven by growth concerns. The stock has slipped 23 per cent from its December high of ₹1,620, touched on December 5, 2024. It has fallen below its previous low of ₹1,203.7 from June 4, 2024, and is trading at its lowest level since May 2021.
Shares of PVR Inox closed 2.2 per cent lower at ₹1,223.05 on Tuesday, its lowest level since May 20, 2021, while the BSE Sensex closed 0.3 per cent higher at 78,199.
This sharp fall coincides with India reporting five cases of human metapneumovirus (HMPV) on Monday. The virus, which causes respiratory illness, was recently identified in China and Malaysia as well. Two cases were detected in Karnataka, two in Tamil Nadu, and one in Gujarat. All five confirmed cases were in children.
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