Cinemax India snaps 7-day winning streak, down 5%

Shares of Mumbai-based multiplex chain Cinemax India plunged 5 percent amid large volumes on Tuesday due to profit booking.

The stock had rallied nearly 37 percent in previous seven consecutive sessions.
At 15:01 hours IST, shares were quoting at Rs 150.65 on Bombay Stock Exchange. There were pending sell orders of 319 shares, with no buyers available.
 
Trading volumes increased more than 4 times to 3,409 equity shares as against five-day average of 780 shares.